Eltel AB’s €12.7 Million Divestment Of Polish Communication Business


Greenberg Traurig, LLP has advised its client Eltel AB on an agreement to divest its Polish Communication business to VINCI Energies.

The total consideration of the transaction is about EUR 12.7 million.

The divestment is a part of a strategy where Eltel more clearly focuses on developing the Nordic market, where the company has a leading market position and a high level of expertise, and in which the business model is repetitive and primarily targeted towards build, service and maintenance.

Eltel is a leading Northern European provider of technical services for critical infrastructure networks – Infranets – in the segments of Power, Communication and Other, with operations throughout the Nordics, Poland and Germany.

The Greenberg Traurig Team was led by Partner Stephen Horvath (Picture) and Local Partner Daniel Kaczorowski who were supported by Associate Magdalena Medynska and Associates Agata Izyk, Grzegorz Socha, Natalia Wolkowyckaand Iga Czerniak.

Involved fees earner: Iga Czerniak – Greenberg Traurig; Stephen Horvath – Greenberg Traurig; Agata I?yk – Greenberg Traurig; Daniel Kaczorowski – Greenberg Traurig; Magdalena Medy?ska – Greenberg Traurig; Grzegorz Socha – Greenberg Traurig; Natalia Wolkowycka – Greenberg Traurig;

Law Firms: Greenberg Traurig;

Clients: Eltel AB;