TGS advised Agile Finance on investments in hotel business in Romania

13.05.2019 TGS advised Agile Finance on investments in hotel business in Romania

TGS advised 4 shareholders of major Baltic businesses on investments in hotel business in Romania. TGS Competition team was responsible for merger clearances in Lithuania, Latvia and Poland.

Merger filing concerned the creation of a joint venture company in Cyprus that will indirectly manage Romanian companies that will be developing a complex of four hotels in Bucharest. Parent companies of the newly created joint venture are Agile Finance, Gemini Grupe, Apex Alliance and Invefina.

The hotel complex will be managed on a franchise contract basis jointly with the largest international hotel chains, Marriot and Hilton Worldwide. It is expected to complete the construction of the hotels by 2022.