Schoenherr si Asociatii SCA advised Trans-Oil Group, a leading agribusiness operator in the Black Sea region, on the acquisition of Frial Terminal, located in the Port of Constanta, Romania. The transaction marks a key milestone in Trans-Oil’s long-term strategy to expand its presence in the Black Sea, allowing the group to streamline its logistics and distribution of goods across multiple continents. Schoenherr provided buy-side legal advice in connection with the recently signed M&A transaction. Closing is expected to take place later in Q4 2024, subject to merger clearance. "With this acquisition, Trans-Oil strengthens its strategic position in the Port of Constanta, the largest seaport in the Black Sea. We are glad to have contributed to getting this deal done, supporting Trans-Oil in reinforcing its role as a leading player in the agricultural commodities market," said partner Madalina Neagu, who led the Schoenherr team advising the buyer in this matter. Frial Terminal, which boasts a transshipment capacity of 1.5m tons of cereals and 500,000 tons of vegetable oil, becomes part of Trans-Oil export terminals portfolio, which already includes terminals in Reni (Ukraine), Giurgiulesti (Republic of Moldova), Pancevo and Backa Palanka (Serbia). Trans-Oil Group has announced it contemplates a significant expansion of the storage capacities of Frial Terminal. The Trans-Oil Group is a leading agribusiness operator in the Black Sea region, specializing in the production, processing, and trading of agricultural commodities. The group covers a wide range of activities, including oilseed crushing, grain handling and storage, international commodities trading, vegetable oil in bulk, bottled oil, and flour production. It owns and operates five oilseed crushing facilities and 46 storage facilities in the Republic of Moldova, Romania and Serbia. Frial is a seaport terminal operator active in the Port of Constanta, Romania. It provides vessel and terminal operations for general goods and liquid products, as well as storage solutions both in covered spaces and uncovered areas with a total storage capacity of over 70,000 tons. The Schoenherr team advising Trans-Oil Group in this transaction was led by Madalina Neagu (partner) and included Mihaela Popescu (managing attorney at law), Andrei Muresan (managing attorney at law), and Madalina Mitan (partner). Schoenherr is a leading regional law firm, with 15 offices and four country desks in Central and Eastern Europe and South-Eastern Europe. The firm has been active in Romania since 1996, providing full-service legal advice to local and multinational companies. Schoenherr Romania is ranked in by all major legal directories that survey the legal market (Chambers and Partners, Legal500, IFLR1000) for its activity in corporate/M&A.
The Nexus Gaming team, which represented Romania at the IESF World Esports Championship, defeated Portugal’s team in the final to become world Counter Strike 2 champions. The Romanian team is composed of experienced players Ciocardau, Xellow, BTN, Ragga, and Adron. During the IESF WEC24 championship, they defeated some of the strongest teams, many of which […]
Well-known American actor John Malkovich, who was on stage last week at the National Theatre in Timișoara, visited the city’s first official souvenir shop on Friday, November 15. The visit was announced by Timișoara mayor Dominic Fritz. "Even Hollywood has come to the new souvenir shop. We’re delighted that John Malkovich found high-quality mementos from […]
The CONFIDEX H2 2024 study shows a relatively stable year without major events that could significantly impact Romania’s economy, but leaves room for growing concern regarding the future. According to the study, supported by private equity funds ROCA, AGISTA, and CITR, the leader in Romania’s insolvency and restructuring market, only 29% of managers report optimism […]
Romanian president Klaus Iohannis was on a visit to Berlin from November 15 to 18 to signal the strong ties between Romania and Germany with a speech in the German Bundestag. He also met German chancellor Olaf Scholz and president Frank-Walter Steinmeier. During his speech, the Romanian president said that the friendship between the two […]
In a rapidly digitalizing world, companies face numerous challenges in managing documents and data efficiently. Andrei Negulescu, Strategic Digitalisation Manager at Matricia Solutions, shares unique insights into how his firm helps businesses navigate the complex journey of digital transformation. In today’s world, every business talks about digital transformation, but few know how to make it […]
The Bucharest National Airports Company, which operates the two main airports of the capital, wants to purchase 450 benches for passengers in the boarding gate area of the Henri Coandă International Airport, better known as the Otopeni Airport. According to the announcement, CNAB will purchase 250 three-seat benches and 200 four-seat benches. The contract is […]
