Clifford Chance advised Budimex S.A., one of the largest construction groups operating in Poland, on the sale of Budimex Nieruchomości sp. z o.o., a subsidiary of Budimex, to Cornerstone Partners sp. z o.o. and Crestyl Real Estate s.r.o. for PLN 1.5 billion. The parties signed a conditional share purchase agreement to implement the transaction on 22 February 2021. Completion of the transaction is expected in 2Q 2021.
Clifford Chance’ Warsaw team was led by Daniel Kopania, (partner, head of Real Estate & Construction), and included also Tomasz Derda (Counsel, Corporate/M&A), and Joanna Satkiewicz (Senior Associate, Real Estate & Construction). Jarosław Lorenc (Counsel, Capital Markets) advised on MAR issues connected to the transaction.
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