Proença de Carvalho advises Kruso Kapital on Euronext Milan trading
Proença de Carvalho has advised Kruso Kapital, an Italian holding company specialising in pawn credit activities and in the auction market for jewellery, precious metals and works of art, on the Portuguese law aspects of the admission to trading of its ordinary shares on Euronext Milan, a regulated market organised and managed by Borsa Italiana.
The Portuguese firm’s mandate centred on advising Pignus – Crédito Económico Popular, a Portuguese subsidiary of Kruso Kapital. The scope of work included conducting the legal due diligence process in Portugal, assisting in the preparation and review of Portugal-related disclosures in the transaction documentation and in the admission to trading prospectus, and providing ongoing legal advice on all Portuguese law matters relevant to admission to trading on a regulated market.
The transaction involved capital markets, corporate law, financial regulation and international due diligence matters across multiple jurisdictions.
Advisors and teams
BonelliErede acted as lead legal counsel for the transaction in Italy, advising Kruso Kapital, Banca Akros – Gruppo Banco BPM as listing agent, and Banco BPM as specialist to the issuer. The BonelliErede team was led by partners Gianfranco Veneziano, for corporate and capital markets matters, and Giulio Vece, for regulatory matters, and further included Elena Venturini, Daniele Minniti, Alessandro Colasanti, Cesare Giovetti, Lucrezia Sala, Nicolò Piero Rinaldo, Alessandro Palumbo, Sergio Zucchermaglio and Riccardo Emanuele Licata. The due diligence work was supported by beLab’s Transaction Services team, led by Michel Miccoli and coordinated by Andrea Terrieri and Andrea Cherubini.
The Proença de Carvalho team was led by partner André Matias de Almeida and included partners Bárbara Schurmann, Filipa Loureiro and Francisco Proença de Carvalho, of counsel Anne Vogdt, as well as associates Igor Amarii, Mariana Castro Pereira, Miguel Almeida Simões, Nuno Miguel Marques, Margarida Bruno Silva and Gonçalo Poejo Grilo.
