Suciu Popa has advised the Ford Motor Company on the sale of its Craiova assembly plant in southern Romania to its partner Ford Otosan in Turkey. CMS advised Ford Otosan.
The transaction is expected to close by the third quarter of 2022.
According to Ford, “through the transfer of ownership, the Craiova plant will benefit from a wide network of skills and know-how transfer through the vast experience of the Ford Otosan team in the design, development, and construction of commercial and electric vehicles.”
Suciu Popa’s team included Managing Partner Miruna Suciu and Partners Cleopatra Leahu, Mihai Caragui, and Dan Ciobanu.
The CMS team included Romania-based Managing Partner Horea Popescu, Partner Rodica Manea, Senior Counsel Laura Grigore, Counsel Claudia Nagy, Senior Associates Raluca Ionescu, Valentina Parvu, and Andrei Cristescu, Associates Catalin Vasile, Simona Strava, Cristina Ciomos, Alexandru Trandafir, and Sorin Predescu, and Lawyers Eduard Roventa and Bianca Banateanu, Poland-based Partner Iain Batty, and further team members in the Netherlands.