HEUKING advises KOSMOCAR SA on acquisition of MAN HELLAS Truck & Bus SA

A team led by HEUKING Partners Dirk W. Kolvenbach (Düsseldorf) and Michael Pauli (Cologne) advised and represented KOSMOCAR SA in connection with its successful acquisition of MAN HELLAS Truck & Bus SA. Closing was subject to the approval of the Greek competition authorities, which has been granted in the meantime.

Founded in 1970, KOSMOCAR SA is the official importer of Volkswagen, Audi, Skoda, and Volkswagen Commercial Vehicles brands in Greece, as well as Ducati motorcycles in Greece and Cyprus. In addition, it is an official dealer and authorized workshop for Bentley and Lamborghini in Greece.

MAN HELLAS Truck & Bus SA is the Greek subsidiary of MAN Truck & Bus SE, one of the world’s leading manufacturers of commercial vehicles and transport solutions. MAN HELLAS provides an extensive portfolio of products and services, including trucks, buses, and vans, along with comprehensive support solutions for these vehicles. Headquartered in Aspropyrgos, the company employs some 100 people.Kosmocar S.A. CEO, Mr. Ioannis Emirzas, remarked: “It is with great pleasure that we announce the acquisition of MAN Hellas by Kosmocar S.A. It is an investment that further strengthens our long-standing and successful partnership with MAN and marks an important milestone in our growth path.”

“This was also a particularly special transaction for us as a law firm,” added lawyer Dirk W. Kolvenbach. “Our collaboration with the Greek law firm Bernitsas Law in Athens was highly professional and constructive. We greatly value the expertise and dedication of the Bernitsas Law team, whose contributions played a crucial role in the successful completion of this acquisition.”

Counsel to KOSMOCAR SA
HEUKING:
Dirk W. Kolvenbach (Corporate/Project Coordination), Düsseldorf,
Michael Pauli, LL.M. (Corporate/Project Coordination), Cologne,
Dr. Henrik Lay (Tax), Hamburg