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NNDKP assisted Raiffeisen Bank Romania in the transaction whereby the bank becomes a shareholder in CIT ONE

NESTOR NESTOR DICULESCU KINGSTON PETERSEN (NNDKP) assisted Raiffeisen Bank România in a tripartite transaction whereby Banca Comercială Română, BRD Group Societe Generale and Raiffeisen Bank România will have equal ownership rights of 33.3% in CIT ONE, one of the most important companies on the Romanian market specialized in the transport, processing and storage of cash and other valuables.

The transaction will be finalized once the relevant authority approvals are obtained and all the necessary formalities are fulfilled.

The NNDKP team involved in this transaction was coordinated by Alina Radu, Partner and head of the Banking and Finance practice, together with Corina Dumitru, Partner, Corporate/M&A and Georgeta Dinu, Partner and head of Competition, State Aid and EU Law. They were assisted in this complex transaction by Monia Hanțig, Senior Associate (Banking and Finance), Anca Diaconu, Associate (Competition), alongside several colleagues from the relevant practice areas.

Alina Radu, Partner: “We are thrilled and proud to have assisted Raiffeisen Bank România in this transaction, which posed novel and complex challenges and engaged us in excellent legal discussions and analyses. We thank the outstanding professionals with whom we work and wish them the best of luck!.”

About NNDKP

NESTOR NESTOR DICULESCU KINGSTON PETERSEN is a promoter of business law in Romania, and is acknowledge, for almost 30 years, as a pioneer of the Romanian legal market. With offices in Bucharest, Cluj-Napoca, Timisoara and Brasov, NNDKP offers full-service and integrated legal and tax advice to companies from diverse industry sectors. For almost three decades, NNDKP lawyers have provided expertise in landmark deals and projects in Romania, contributing to the evolution of the Romanian business environment, such as the privatization of BCR, for a record amount at that time for the Eastern European region, or Romtelecom privatization, a transaction that represented a catalyst for the Romanian telecommunications market.

In addition, NNDKP represents Romania in some of the most prestigious international professional alliances – Lex Mundi, World Services Group – and is a founding member of the South East Europe Legal Group (SEE Legal). The firm is constantly top-ranked in all practice areas by the reputed international guides Chambers & Partners, Legal500 and IFLR 1000.

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