HS Timber Productions Sebes SRL operates a sawmill and other industrial wood processing activities at the Sebes site with around 600 employees. The share purchase agreement between Ziegler Group and HS Timber Group was signed in April 2023. Closing is expected in mid-2023 and is subject to customary regulatory approvals.

The advisory team of bpv Grigorescu Stefanica included Catalin Grigorescu (Corporate/M&A), Anca Albulescu (Real Estate, Corporate/ M&A), Nicolae Ursu (Real Estate, Energy, Corporate M&A), Iulia Dragomir (Corporate/ M&A) and Cristina de Jonge (Merger Control, FDI) as well as other members from the Corporate, Real Estate, Energy, Employment and Tax practices.

Anca Albulescu, partner bpv Grigorescu Stefanica: We are happy to be part of this project, which brings the potential for the evolution of an entire sector in Romania. It is a project that has raised a series of challenges and required a long process of harmonizing the positions of the parties involved. We thank Ziegler Group for their trust and openness towards the Romanian market and its opportunities.