4iG Nyrt’s Acquisition of Telenor Montenegro

Dentons and Luca Andric Law Firm advised PPF Group on the sale.

PPF Telecom Group has announced today the sale of 100% shares of Telenor Montenegro to Hungary’s 4iG Nyrt. Both parties have decided not to disclose the price of the transaction, which is subject to customary merger clearance approval by regulatory authority in Montenegro. The completion of the deal is expected before the end of 2021.

PPF Group operates in 25 countries, investing in multiple market segments, including financial services, telecommunications, media, biotechnology, real estate, and mechanical engineering. PPF Group’s growth rests on developing traditional and new industries, constructing modern infrastructure, the digital economy, and linking Czech talent and capabilities with global opportunities.

4iG Nyrt. is one of the largest companies in the Hungarian IT market providing system integration and IT services, as well as managed services and outsourcing of IT operations. The company, listed on the Budapest Stock Exchange, aims at diversifying its current services portfolio and entering new markets in the CEE region.

Dentons’ team was led by Partners Petr Zákoucký (Picture) and Rob Irvingled, and included associates from Dentons’ Prague and Budapest offices: Kamran Pirani, Vojtech Novák, Barbora Obracajová, Petr Mueller, Anna Urbanová, Ivo Hartmann, Sebastian Ishiguro and Michael Mrácek.

Luca Andric Law Firm advised on local law aspects in Montenegro. The team was led by partner Luca Andric.

Involved fees earner: Ivo Hartmann – Dentons; Rob Irving – Dentons; Sebastian Ishiguro – Dentons; Michael Mracek – Dentons; Petr Muller – Dentons; Vojtech Novak – Dentons; Barbora Obracajova – Dentons; Kamran Pirani – Dentons; Anna Urbanová – Dentons; Petr Zákoucký – Dentons;

Law Firms: Dentons;

Clients: PPF Group;