We undertook all procedures needed in order for a limited (Srl) company based in Bucharest, Romania to be absorbed by a Holding Company, based in Limassol, Cyprus.
Actually this was an horizontal case of merger, since both companies belonged to the same industry and the deal was part of consolidation in order for the absorber to provide bigger budgets for future projects.
Our main responsibility was
the coordination of the effective and in time communication between
- Shareholders’ legal consultants
- Both companies’ legal depts.., auditors, accountants, managing directors
the collection and presentation to the authorities of all necessary documents
the monthly reporting to managing directors of merger status
Time needed: 1,5 year