EXPERTISE
Automotive & Industrials

Kinstellar advises on Waberer’s IPO

July 2017 – Kinstellar has acted as Hungarian legal counsel to Berenberg, Erste Group, Citigroup and Renaissance Capital, as Joint Global Coordinators and Joint Bookrunners, regarding the initial public offering of Waberer’s International, one of Europe’s largest long-haul transportation companies, on the Budapest Stock Exchange.

The Kinstellar team, led by the Budapest office’s Managing Partner Csilla Andrékó and Managing Associate and capital markets specialist Ákos Mátés-Lányi, advised on the legal documentation and the corporate and regulatory issues of the transaction. The team also coordinated the communication with the regulators and took a leading role in the general transaction management.

With regards to the transaction, Csilla Andrékó commented: “We are thrilled to have advised the Joint Global Coordinators and Joint Bookrunners on this landmark transaction which represents a major milestone for the Waberer’s strategic growth and may give a shot in the arm to the Hungarian market currently dominated by four blue-chip stocks.”

Priced at 5,100 forints per share, and valued at 90.2 billion forints, this transaction marks Budapest’s biggest stock market debut in nearly two decades.

For more information please contact Csilla Andrékó, Managing Partner, at

e-mail

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