Filip & Company assisted Banca Transilvania in completing the acquisition of Idea :: Bank

Filip & Company assisted Banca Transilvania in finalising the acquisition from the Polosih group Getin Holding of the Idea Bank group in Romania, consisting of Idea :: Bank, Idea :: Leasing, Idea :: Broker de asigurări and Idea :: Investment. The acquisition documents were signed in June 2021, and in the meantime the regulatory approvals have been obtained.

“We are delighted to have had the opportunity to work with Banca Transilvania again and to support the largest and most dynamic banks in Romania in their effort to continue to transform the financial services market. We are very thankful to our client for the trust placed in us”, said Alina Stancu Bîrsan, partner at Filip & Company.

The Filip & Company team was coordinated by Alina Stancu Bîrsan (partner) and Cristina Filip (partner) and included Rebecca Marina (senior associate) and Camelia Ianțuc (senior associate). Cătălin Suliman (partner) coordinated the competition law team involved in the case, consisting of Dragoș Iordache (senior associate) and Lisaura Ungureanu (senior associate). The legal assistance on Polish and English law was provided by Linklaters.

The Banking & Financial Services and M&A teams of Filip & Company have been involved in many of the largest and most important transactions in the Romanian financial sector.