Assisted a Romanian financial institution in disposal of the majority stake in one Romanian Bank, including assistance in negotiation with various potential bidders and entering into a binding agreement with an US based hedge fund. Following the failure of the fund to close the acquisition, the runner-up (an important bank) took over 54,79% equity interest in target as a combination of acquisition of shares from the existing shareholders and a capital injection into the bank. Our team provided general legal advice to the sellers on all phases of the sale, including assisted in negotiations, drafting documentation and finally closing the transaction with the runner-up

Assisted a Romanian financial institution in disposal of the majority stake in one Romanian Bank, including assistance in negotiation with various potential bidders and entering into a binding agreement with an US based hedge fund. Following the failure of the fund to close the acquisition, the runner-up (an important bank) took over 54,79% equity interest in target as a combination of acquisition of shares from the existing shareholders and a capital injection into the bank. Our team provided general legal advice to the sellers on all phases of the sale, including assisted in negotiations, drafting documentation and finally closing the transaction with the runner-up