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CMS DSB assists Banco Commercial Portugues S.A.

11/03/2008

CMS Derks Star Busmann has assisted Banco Comercial Português S.A. ('BCP') with implementing finance of approx. EUR 128 million for the Portuguese group Queiroz Pereira (Sodim) for the renovation and refurbishment of luxury hotels in Portugal and Spain.

CMS DSB advised BCP on the loan documentation, the necessary corporate documents and Dutch security documentation (pledging of shares in Capital Hotels B.V.) and issued a legal opinion.

Marcel Groenewegen headed the team, which also comprised Machteld Derks, Marcel Janssen, Marc Orval, Erik Vorst and Gieneke van Nierop. The transaction was successfully completed on 13 December 2007.

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