October 21, 2019
Weil advised Echo Partners B.V. on the sale of 100% of the shares in Lisala sp. z o.o,, a majority shareholder of Echo Investment S.A., to an SPV owned by the Hungarian developer WING.
The preliminary agreement for the purchase of the shares in Lisala was signed on October 16, 2019. The closing of the transaction is conditional on receiving clearance from the President of the Office of Competition and Consumer Protection.
“We are honored to have been able to work with Echo Partners throughout the entire life of this magnificent investment project, from the initial acquisition in 2015 to the final sale. The transaction confirms the role of Weil as an unquestionable leader on the Polish M&A transaction market, and further evidences the steadily rising position of Weil as transactional counsel in property market transactions”, said Paweł Zdort, Co-Managing Partner of the Warsaw office, who oversaw the work of the transaction team.
The transaction team was led by Corporate associate Jakub Zagrajek and included Corporate counsel Monika Kierepa; Corporate associates Jacek Zawadzki, Piotr Fedorowicz and Aleksandra Kabać; and law clerks Tomasz Bąkowski and Leszek Cyganiewicz.