Filip & Company law firm assisted Gedeon Richter pharmaceutical company in relation to the sale of its pharmaceutical retail and wholesale operations in Romania to Dr. Max Group, a pharmacy chain owned by Penta Investments. The transaction has been executed on October 20, 2022 and remains subject to the approval of the Romanian Competition Council.

Filip & Company provided legal assistance in relation to all the stages of the transaction: conducting the vendor due diligence, assistance with the set-up of the data room and the drafting and negotiation of the contractual documentation.

“This fall remains effervescent in terms of the M&A market, and we are happy to continue being heavily involved in the landmark transactions taking place this season. Long-term thinking and continuous development are stable building blocks of Gedeon Richter’s history. Every element of Richter’s long-standing business is permeated by this philosophy, and we are both delighted and honoured that they have entrusted us with a project that is both complex and strategic to their business”, said Monica Statescu, partner at Filip & Company.

The Filip & Company team was coordinated by Monica Statescu (partner) and included Andreea Banica (senior associate, Corporate and M&A) and Andrei Anghel (associate, Corporate and M&A), while Smaranda Vacaru (senior associate) provided legal assistance on financial law matters.