Clifford Chance offices in Bucharest, Prague, Warsaw and Paris have advised Czech Media Invest (CMI) throughout the acquisition of the CEE radio assets of multinational media conglomerate Lagardère Group.

Announced in April, the deal was finalized last week, following competition clearance from the local regulatory authorities in some of the targeted jurisdictions.

Valued at EUR 73 million on consolidated revenue of around EUR 56 million in 2017, the deal targeted popular, mainstream radio stations in the Czech Republic, Poland, Romania and Slovakia – Frekvence 1, Evropa 2/Europa 2, Europa FM, Radio ZET, Radio Bonton, Antyradio, and Vibe FM.

Local aspects of the deal were covered by a Clifford Chance Badea team coordinated by counsel Mihai Măcelaru and senior associates Radu Costin and Ecaterina Burlacu. The team also included Lavinia Nucu, senior associate, lawyer Bogdan Micu and trainee Mihnea Niculescu. Nadia Badea was the partner responsible for the project locally.

“The two important advantages for successfully coordinating this not-so-easy transaction were the exceptional professionalism of the CMI team involved, and Clifford Chance’s ability to manage regional projects through teams of lawyers operating in different offices, while being fully integrated,” Mihai Macelaru underlined.

Nadia Badea, Clifford Chance partner, added: “This transaction adds to our representative portfolio of multijurisdictional deals successfully closed through the team effort of the international network, doubled by the individual experience and know-how of local offices.”

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