Globus, the leading Hungarian producer of tinned foods and frozen products, will be taken over the
French CECAB group. In France the CECAB group is one of the most important companies in the
vegetable industry. Its acquisition of a majority holding in Globus, which is listed on the
Budapest stock exchange, will take the form of a public takeover. One of Globus' current major
shareholders is DEG Deutsche Investitions- und Entwicklungsgesellschaft mbH, whose headquarters are
in Cologne. In the course of the public takeover it will divest some of its shares in Globus, but
will retain a qualified minority holding.
CMS Hasche Sigle advised DEG in preparing the CECAB group's public takeover of Globus.
Capital market legislation in Hungary is still in its infancy. Although it does provide for public
takeovers this option has only been used in a small number of cases so far. The market position of
Globus in Hungary makes this takeover one of the most important transactions of its type. There are
plans to file for the delisting of Globus once the public takeover has been successfully completed.
The CMS alliance has numerous offices in Eastern Europe, making it a leading law firm,
particularly in providing advice to foreign investors.
Advisers to DEG Deutsche Investitions- und Entwicklungsgesellschaft mbH
CMS Hasche Sigle
Dr Ralph Drouven (capital markets and corporate, Cologne)
Dr Petra Schaffner (capital markets and corporate, Cologne)
Stefan Lehr (competition, Frankfurt)
CMS Bureau Francis Lefebvre
Jacques Isnar (M&A and banking)
Alexandra Romert (M&A and banking)
CMS von Erlach Henrici
Dr Kaspar Landolt (M&A)
Alain Raemy (M&A)
CMS Cameron McKenna
Dr Gabriella Ormai (capital markets and corporate)
Dr Anikó Kircsi (capital markets and corporate)
Contact CMS Hasche Sigle:
Dr Ralph Drouven
Tel.: +49 (0)221 / 7716-325
About CMS Hasche Sigle:
CMS Hasche Sigle is one of the leading German law firms with more than 420 lawyers. It covers
the entire area of commercial law and provides legal advice to major German and international
companies from a wide spectrum of industry. CMS Hasche Sigle operates at all the major business
centres. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich,
Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Prague.
CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list
of partners see
CMS Hasche Sigle is a member of CMS, an alliance of leading European law firms. With over 575
partners, a total of 2,000 lawyers and tax consultants and around 3,800 support staff we advise our
clients in 24 countries in Europe and further afield on legal and tax issues.
Local strength, legal and tax advice tailored to the requirements of the market combined with
a substantial amount of business and organisational integration form the basis for high-quality
international legal advice.
In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance:
CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS
Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium),
CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS
Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 24 countries in Western and Central Europe,
North and South America, Asia and North Africa.
For further information on CMS Hasche Sigle see
and on the CMS alliance see