CTP's Acquisition of Land from Fiat Srbija in Kragujevac
Deal News | Feb 19, 2025 | CEE Legal Matters
CTP has acquired a piece of land in Kragujevac, Serbia, from Fiat Srbija, a subsidiary of Stellantis. Legal advice for the acquisition was provided by NKO Partners, representing CTP, and Karanovic & Partners, representing Fiat Srbija. The acquired land is located in a major commercial area within the FAS Free Trade Zone. CTP plans to construct up to 50,000 square meters of industrial and manufacturing facilities on this site. This acquisition reflects CTP's strategic expansion in a key industrial hub.
Sectors
- Real Estate
- Automotive
- Legal Advisory
Geography
- Serbia – The transaction took place in Kragujevac, Serbia, within the FAS Free Trade Zone.
Industry
- Real Estate – The acquisition involves a significant real estate transaction where CTP is purchasing land for development purposes.
- Automotive – The seller, Fiat Srbija, is part of the automotive industry, functioning as a subsidiary of Stellantis.
- Legal Advisory – NKO Partners and Karanovic & Partners provided legal advisory services for the transaction, making this relevant to the legal industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CTP | Target | Company | CTP is the company acquiring land for development in Kragujevac, Serbia. |
| Fiat Srbija | Selling Company | Company | Fiat Srbija, a subsidiary of Stellantis, is the seller of the land in Kragujevac. |
| NKO Partners | Legal Advisor | Company | NKO Partners provided legal advice to CTP in the acquisition. |
| Karanovic & Partners | Legal Advisor | Company | Karanovic & Partners advised Fiat Srbija on the transaction. |
| Djordje Nikolic | Partner | Person | A Partner at NKO Partners involved in advising CTP. |
| Luka Aleksic | Senior Associate | Person | A Senior Associate at NKO Partners involved in advising CTP. |
| Ana Lukovic | Partner | Person | A Partner at Karanovic & Partners involved in advising Fiat Srbija. |
| Nikola Siljegovic | Senior Associate | Person | A Senior Associate at Karanovic & Partners involved in advising Fiat Srbija. |