Zamfirescu Racoți Vasile & Partners (ZRVP) was retained by TTS (Transport Trade Services) S.A. as its legal adviser for the acquisition of 99.9% of the share capital of Decirom S.A., operator of the Port of Constanta. The legal team was led by partners Cătălin Micu, Elena Iacob and Ioana Höckl (ZRVP Tax). The firm advised on all Romanian law aspects of the transaction, in particular corporate and real estate law, mergers and acquisitions, competition law, and compliance and regulatory aspects.

The deal was a significant one, both because of the complex structure and elaborate negotiation process and the total value involved. The EUR 21.8 million acquisition of Decirom marks the consolidation of TTS Group's position as one of the most important players in the Romanian transport market and the largest freight carrier in the Danube basin.

ZRVP's mandate included legal advice on specific aspects of corporate and real estate law, mergers and acquisitions, competition law, compliance and regulatory issues, fiscal law, labor law, as well as assistance during due diligence procedures and negotiations of the closing conditions of this transaction.

Partner Cătălin Micu led the deal and commented: “We assisted TTS at all stages of the transaction, including due diligence, drafting and negotiation of documentation, as well as regulatory and competition law issues. TTS is one of our traditional clients that we have assisted in all M&A deals. Prior to the acquisition of Decirom we assisted TTS in the process of acquiring the majority stake in Plimsoll Zrt. (Hungary).”

The multidisciplinary team of lawyers was led by Cătălin Micu (Partner), and supported by Elena Iacob (Partner) on compliance and regulatory matters, as well as representation before the Foreign Direct Investment Review Commission (CEISD), and Ioana Höckl (Partner ZRVP Tax) on tax matters. Other six lawyers with solid expertise were part of the legal team: Denisa Neamțiu (Senior Associate), Oana Marinescu (Senior Associate), Adina Rotaru (Senior Associate), Alexandra Nania (Senior Associate), Marcela Antoniu (Senior Associate) and Laura Burtan (Senior Associate).

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About Zamfirescu Racoţi Vasile & Partners

Zamfirescu Racoţi Vasile & Partners (ZRVP) is recognized as one of the leading law firms in Romania, providing legal assistance services in the areas of litigation and arbitration, as well as business law, insolvency, criminal law and tax consultancy.

ZRVP has a team of 66 lawyers, including 16 partners: Călin-Andrei Zamfirescu, Ioana Racoţi and Stan Tîrnoveanu (founding partners), Cosmin Vasile (managing partner), Anca Danilescu (senior partner), Andrei Dumitrescu, Mihai Băjenaru, Elena Iacob, Alina Tugearu, Monica Strîmbei, Cătălin Micu, Cosmin Cojocaru, Crenguța Marina Florea and Ovidiu Șerban (partners), prof. dr. Valerian Cioclei and Robert Oancea (of counsel).