Filip & Company assisted Banca Transilvania in the acquisition of Idea :: Bank and of the other entities within the Idea Group in Romania

Filip & Company team assisted Banca Transilvania in connection with the signing of the documents related to the acquisition of the shares held by the Polish Gertin Holding group in Idea :: Bank, Idea :: Leasing, Idea :: Insurance Broker and Idea :: Investment. The closing of this transaction requires the approval by the National Bank of Romania, Financial Supervisory Authority and Competition Council.

The Filip & Company team was coordinated by Alina Stancu Bîrsan (partner) and Cristina Filip (partner) and included Olga Niță (partner), Rebecca Marina (senior associate), Lavinia Cazacu (associate) and Alexandru Moraru (associate). Linklaters assisted in relation to the Polish and UK law matters.

“It is a privilege for us to assist Banca Transilvania once again in a new transaction that contributes to the modernization of the Romanian financial market. This acquisition demonstrates once again the transformative force of the BT group and that the financial services sector remains a very dynamic one. We thank the BT team for trusting us”, said Alina Stancu Bîrsan, partner at Filip & Company.

Mihaela Nădășan, Deputy CEO of Banca Transilvania stated: “Each project involves a great cooperation effort to find the solutions required to facilitate the closing of a transaction. The professionalism and constructive attitude of the entire team have been once again fundamental to get to this point and I thank Filip & Company for assisting us.”

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Filip & Company has one of the most dynamic and experienced Banking & Financial and Mergers & Acquisitions practice areas, being recognized by Legal 500 in the first tier of Romanian law firms in these practice areas. The team includes specialists with a long and successful track record in projects carried out both domestically and internationally.