DLA Piper advises Longway Trading on the sale of MountainPeak Trading
DLA Piper has advised Longway Trading on the sale of its Cyprus subsidiary MountainPeak Trading to the German listed company Adler Real Estate AG, Frankfurt aM for approximately €285 million.
Mountain Peak, which formed part of the activities of the entrepreneur Teddy Sagi, holds 24.79 per cent in conwert Immobilien Invest SE, Vienna, one of the leading real estate companies in the German-speaking region with residential and commercial properties in Austria and Germany.