The Hungarian IT and Technology group 4iG Nyrt relied on the legal expertise of Wolf Theiss in the acquisition of a majority stake in the Albanian telecom operator ALBtelecom. 4iG Nyrt acquired the stake from a subsidiary of Calik Holding, one of Turkey’s leading privately held industrial groups. The signing took place on 8 December 2021. Completion is subject to regulatory approvals.
Wolf Theiss advised 4IG on this regional transaction under the lead of Richard Clegg (Partner, International M&A). The Wolf Theiss core team included Nako Sokol (Partner, Albania), Norbert Balint (Counsel, Hungary M&A & Capital Markets), Irina Dekova (Consultant, International M&A), and Kristaq Profkola (Associate, Albania). The core team was further supported by other Wolf Theiss lawyers in Albania, Hungary and Bulgaria. Yavuz & Uyanik & Akalin advised on elements of the transaction involving Turkish law.