The agreement was signed in November 2024. IMO Property Investments Bucharest was established in 2007 and had almost RON134 million net assets in the year ended on December 31, 2023.
“The portfolio acquired includes a diverse range of properties throughout the country, providing a sizeable potential to capitalize on and for strategic development,” said Radu Dobre, country manager of APS Romania.
The deal, which received all the necessary approvals from the competition and regulatory authorities, marks a significant expansion of the presence of APS Holding on the real estate market in Romania.
The deal was facilitated by APS Investments, with legal advice from Legal Ground/360 Competition. Eurobank SA’’s advisors were Schoenherr (legal) and Deloitte (transaction support).
(English version by Loredana Fratila-Cristescu)