22.9 C
Bucharest
June 30, 2022
BUSINESS COMPANIES ECONOMY FINANCE&BANKING

The acquisition of Bancpost has been completed by Banca Transilvania

The PeliFilip Law Firm assisted Banca Transilvania, one of the main players of the local banking sector, in the acquisition of 99.15% of the Bancpost shares and 100% of the shares issued by ERB Retail Services IFN and ERB Leasing IFN, companies that are part of the Eurobank Group. The transaction was completed on Tuesday, April 3, after receiving the corresponding approvals from the National Bank of Romania and the Competition Council.

“We are honored to assist Banca Transilvania in completing a new transaction. We wish to specially thank to our clients for the trust they have in us. My appreciation also goes to my extraordinary colleagues and to their decisive contribution to this result” stated Carmen Peli, PeliFilip partner.

“Banca Transilvania has a story regarding its growth similar to the ones in the Romanian fairy tales. We are glad to have the privilege to contribute to it and we thank to the BT team for a memorable project. Once again, we are proud for our team’s success” stated Alina Stancu Birsan, PeliFilip partner.

Successfully completing the project contributes to strengthening Banca Transilvania on the Romanian banking market. PeliFilip and Banca Transilvania are not collaborating for the first time; the law firm assisted the bank, among others, also to take over Volksbank in 2014-2015.

PeliFilip has one of the most dynamic and experienced practices in Financing and Banking and in Procurements and Mergers, being top ranked in both of these fields by the prestigious magazine Legal 500.

The team includes specialists with a rich and successful history, acquired within projects developed both at domestic and international level. From 2015 to 2017, the PeliFilip lawyers participated in the most important transactions on the Romanian banking and financial market, including the largest financing and capital markets transaction in 2016, the largest syndicated funding up to this moment, and the transaction of the year 2015 in Romania.

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