PeliFilip assisted Banca Transilvania, one of the most important players of the local banking sector, in the acquisition of a performing loans portfolio granted by Bank of Cyprus to retail clients in Romania.
The completion of this transaction is scheduled for the end of February this year and it will result in the increase of the retail clients of Banca Transilvania.
„This transaction is an exception for the Romanian market, which has been dominated lately by sales of non-performing loan portfolios. We thank our partner – Banca Transilvania – for the excellent collaboration we have and for the opportunity to engage with them in some of the most important transactions in the local banking sector”, stated Carmen Peli, Partner, PeliFilip.
The PeliFilip team involved in this transaction was coordinated by Carmen Peli and Monica Iancu, Partners, and by Alexandra Manciulea, Senior Lawyer.
Thus, Banca Transilvania continues its series of acquisitions on the local market, after the takeover and integration of Volksbank Romania, at the end of 2015, transaction in which the buyer was, once more, assisted by PeliFilip.
PeliFilip is a law firm providing top quality assistance with the help of a team which aims to set a market standard in terms of dynamism, in-depth knowledge of the clients’ businesses and creative legal solutions. Specialized in complex projects that require an innovative approach, PeliFilip’s lawyers have a wide experience in various practice areas such as infrastructure and concession, mergers and acquisitions, energy, corporate law, real estate, competition, dispute resolution, finance and capital markets, as well as employment.