Law firm Filip & Company has granted legal assistance to Continental and its ContiTech arm about this process.
The deal, coordinated globally by Freshfields, involves operations in over 15 countries and is pending competition watchdog approval.
The decision marks the end of an era for Continental, one of the biggest private employers in Romania, with around 20,000 employees. Of these, 13,000 will now work under Aumovio brand, in units of Brasov, Iasi, Sibiu and Timisoara.
The Filip & Company team involved in the project was coordinated by Alexandru Birsan (managing partner) and included Simona Despa Ungureanu (senior associate), Mihaela Ispas (counsel), Monica Popa (associate) and Ionut Blidar (associate). Aspects related to competition law and FDI were handled by Catalin Suliman (partner), Roxana Rosca (senior associate) and Sergiu Paun (associate).
(English version by Catalina Apostoiu)