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News from Members DLA Piper assisted Szallas Group in the EUR21 million acquisition of travel agency

DLA Piper assisted Szallas Group in the EUR21 million acquisition of travel agency

by DLA Piper June 11, 2024

DLA Piper’s office in Bucharest assisted Szallas Group, part of Wirtualna Polska Holding, in successfully signing the agreement to acquire travel agency, marking the largest transaction in the Romanian tourism market to date. The deal, valued at over EUR21 million, was expertly facilitated by DLA Piper’s Bucharest office.

The DLA Piper team, led by Senior Associate Bogdan Buta and overseen by Country Managing Partner Marian Dinu and Partner Paula Corban, provided comprehensive legal support throughout the acquisition process. Key assistance on merger filing and foreign direct investment was delivered by Counsel Răzvan Pele and Managing Associate Cristi Porojanu, while several other team members contributed to the thorough due diligence process.

Our legal team combined deep sector understanding with specific commercial acumen to support Szallas Group's regional development ambitions, promoting Romanian tourism in a global context” said Marian Dinu. “We are honored to have assisted Wirtualna Polska Holding in yet another acquisition in Romania and grateful for the client’s confidence in our team’s capabilities and expertise” said Bogdan Buta.

Szallas Group is part of Wirtualna Polska Holding, a technology-based group of companies listed on Warsaw Stock Exchange with operations in media, advertising and e-commerce, present in Poland and in Central and Eastern European countries.

About DLA Piper

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. DLA Piper's office in Bucharest supports clients with a team of more than 50 internationally trained lawyers and fiscal consultants combining industry knowledge built on local projects with international experience gained while advising major global clients on cross-border matters. Legal services cover Corporate, Employment, Competition, Data Protection, Finance, Real Estate, Tax, Litigation and Regulatory.


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