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JPM, Havel Holasek & Partners, and Bojanovic & Partners Advise on Dr. Max Acquisition of Pharmacy Chains in Serbia

JPM, Havel Holasek & Partners, and Bojanovic & Partners Advise on Dr. Max Acquisition of Pharmacy Chains in Serbia

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JPM and Havel, Holasek & Parters have advised Dr. Max Group on the acquisition by its AsterFarm subsidiary of prominent Serbian pharmacy chains Farmanea and Farmakop. Bojanovic & Partners advised the sellers, Lovorka Nikolic and Miomir Nikolic.

Dr. Max Group is a group member of Penta Investment Group, the largest pharmacy network in Central and Eastern Europe. According to JPM, "Dr. Max is one of the biggest pharmacy chains in the CEE, the market leader in Czechia and Slovakia, and one of the biggest pharmacy chains in Poland. It operates almost 1000 pharmacies and serves more than 210,000 customers daily."

JPM also advised Dr. Max Group throughout the merger control procedure before the Serbian competition authority regarding its acquisition of sole control over Farmanea and Farmakop, which resulted in the Commission for Protection of Competition's unconditional approval.

Partners Jelena Stankovic and Nikola Poznanovic led JPM team's, with Partner Nikola Poznanovic representing Dr. Max Group during merger approval procedures before the Commission for Protection of Competition.

The Havel, Holasek & Partners team was led by Partner Vaclav Audes, supported by Jan Frey (who has since moved from Managing Associate to Partner) and Associate Martin Strban.

The Bojanovic & Partners team was led by Partner Vladimir Bojanovic and Senior Associate Stefan Jovicic.

JPM Jankovic Popovic Mitic at a Glance

The oldest full service commercial law firm in Serbia, founded in 1991, JPM with three decades of experience in assisting local and international businesses presence and growth not only in Serbia but throughout the SEE region.

We have accumulated a wealth of knowledge in every industrial and corporate sector, from energy to banking, transport, manufacturing and telecommunications, while remaining true to a pioneering spirit that has always drawn us to follow the latest trends and developments in providing of our services to clients. Today we use the latest legal tech available in serving our clients and are expanding our services to clients from growing industries such as renewable energy, IT and life sciences, by offering innovative solutions and a pro-active approach to broaching new grounds.

Our expertise, experience, and commitment to professional excellence mean we are routinely involved in landmark cases and transactions, while our high standing among clients and peers sees us ranked among the leading law firms by independent guides such as Chambers & Partners, Legal 500, and IFLR1000.

We are known for working closely with clients and treating their problems as our own. Our lawyers pride themselves on being team players, fast and available, specialised in terms of practice area and industry, but versatile and creative in their thinking. We believe our advice should be tailor-made and that even the thorniest issue has a legal solution.

Our membership of Lex Mundi (the world’s premiere network of independent law firms) and the TLA (a regional alliance of leading firms from Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia) means we have close working relationships with first-rate firms throughout the region and around the world, enabling us to operate as the perfect hub for SEE and other multi-jurisdictional transactions.

Firm's website: http://jpm.rs/