NewsKinstellar advises GIC on the acquisition of CETIN Group in CEE

In October 2021, Kinstellar successfully advised GIC, a global investment company founded in 1981 in Singapore, on the acquisition of a 30% stake in CETIN Group. PPF continues to retain a 70% majority in the CETIN Group—a provider of telecommunications infrastructure in Central and Eastern Europe.

Kinstellar advised in all countries of the CETIN Group’s activity—the Czech Republic, Hungary, Bulgaria and Serbia—on due diligence, transaction and regulatory issues.

The completion of the transaction is subject to customary regulatory approval. The parties have agreed not to disclose the transaction’s financial details.

The Kinstellar team was led by Partner Kamil Blažek, working with Michal Kníž (Managing Associate, Prague), Zdeněk Kučera (Counsel, Prague), Anthony O’Connor (Partner, Budapest), Attila Csikai (Budapest), László Palócz (Associate, Budapest), Antonia Mavrova (Partner, Sofia), Atanas Mihaylov (Managing Associate, Sofia), Simeon Vachev (Associate, Sofia), Branislav Marić (Partner, Belgrade), Jelena Tripković (Associate, Belgrade), and Nikola Stojiljković (Senior Associate, Belgrade).