D&B David şi Baias and PwC Romania provided legal, financial and tax advice in the ROMBAT – Metair transaction on the buy-side

Bucharest, 15 March 2012.
PwC Romania and its connected law firm in Romania, D&B David şi Baias, provided financial, tax and legal advice on the buy-side in the transaction involving the sale of the majority shares of ROMBAT Bistriţa to South-African based firm Metair International Holdings Cooperatief. The transaction amounts to almost 43 million EUR and it is one of the highest ever recorded in the Romanian automotive sector. Metair was also assisted by the South-African law-firm Taback.

“ROMBAT is one of the largest automotive battery producers in the CEE region, with a significant market share both on the local market, as well as on export markets, and has great perspectives for development, in line with the evolution of the local automotive sector which has grown steadily, driven by rising exports, during the past few years. In the same time, Metair is a South-African based company that has stakes in several companies in the automotive sector. Metair is the main automotive battery producer in South Africa and is engaged in a program for developing “new generations” batteries. They have been cooperating with ROMBAT for some time and this transaction shows their long term commitment for the development of Romania’s auto industry”, stated Sorin David, Senior Partner, D&B David şi Baias, one of the coordinators of the consulting team.

“This has been a spectacular combined effort from the M&A team comprising Romanian and South-African PwC deals and tax advisors, together with D&B David şi Baias lawyers. It was a highly complex negotiation process, with a very interesting transaction structure. Congratulations are well deserved to the Romanian consultants team made up of Anda Rojanschi, Partner, D&B David şi Baias, the head of the negotiating team, Mariana Barbu, Director, Corporate Tax and Alexandru Medelean, Director, Private Company Services Leader, PwC Romania.”, added Sorin David.

About D&B David şi Baias

D&B David and Baias, law firm connected to PwC in Romania, provides you with integrated, innovative and pragmatic solutions, by providing assistance, representation and legal advice in the following areas: companies and groups of companies, mergers, acquisitions and restructuring, real estate, employment and human resources, financial services and capital markets, competition and state aid, intellectual property, consumer and personal data protection, tax and commercial litigation. D&B David and Baias also specialises in the pharmaceutical and IT & Telecom fields, providing specific solutions for companies in these industries.

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