BOYANOV & Co. advised Albania Telecom Invest (ATI), a joint venture of the businessmen Mr. Spas Roussev and Mr. Elvin Guri, on the acquisition of Telekom Albania from Cosmote, Greece (part of the Deutsche Telekom group). The firm advised ATI on the entire deal – participation in a sales auction, legal due diligence, negotiation of the sale and purchase agreement, escrow agreement and set of other transaction documents, as well as negotiation of the financing for the deal from First Investment Bank. The team was led by partner Damian Simeonov, supported by senior associate Ralitsa Nedkova. BOYANOV & Co. worked in close cooperation with the SEE Legal member, KALO & ASSOCIATES, Tirana who advised the buyer on Albanian law related matters.
The deal was completed on 7 May 2019.