Mar 25, 2008
McGuireWoods Romania helps Ford of Europe finalize plant buyout
On Friday, March 21, McGuireWoods Romania client Ford Motor Company became the majority owner of the former Automobile Craiova vehicle manufacturing facility in Romania. McGuireWoods Romania has represented Ford Motor Company since March 2007 and played an integral role in negotiations between Ford of Europe and the Romanian government in Fordâ€™s purchase of the vehicle manufacturing plant in the south-west of the country.
Nadia Crisan, managing director of McGuireWoods Romania, together with Lyle Watters, Ford's chief negotiator and Manuela Nestor, managing partner at the law firm Nestor Nestor Diculescu Kingston Petersen, were part of Fordâ€™s negotiations team throughout this complex project.
"I am extremely proud to be able to welcome Ford Craiova into the global Ford family," Fleming told a gathering of the company's newest workers.
Prime Minister Tariceanu commented: "To have Ford now firmly installed as the new owner of the plant is the successful outcome of intensive discussions and negotiations over the past two years. On behalf of the government of Romania, I say 'welcome' to Ford and wish them much success for the future."
Nadia Crisan, Managing Director McGuireWoods Romania and Traian Basescu, President of Romania.
In front: John Fleming, President and CEO Ford of Europe. In back (left to right): Ion Ion, General Manager Daewoo Romania, Calin Popescu Tariceanu, Prime Minister of Romania, Traian Basescu, President of Romania and H.E. Nicholas F. Taubman, US Ambassador in Romania.
Left to right: Sebastian Vladescu, President of the Privatization Committee for Automobile Craiova, Lyle Watters, Business Strategy for Ford of Europe, Calin Popescu Tariceanu, Prime Minister of Romania, John Fleming, President and CEO Ford of Europe, Traian Basescu, President of Romania.