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Tuca Zbarcea & Asociatii acts for Sanofi in €1.9 billion pharma deal Sanofi and Advent International have announced the completion of the deal under which Advent International purchased Zentiva, Sanofi’s European generics business for €1.9 billion. Tuca Zbarcea & Asociatii acted for Sanofi, with Bucharest M&A partner Sorin Vladescu and Capital markets partner Silvana Ivan-Hanganu at the helm of the team. They advised on the Romanian legal aspects incident to the transaction, including various corporate, commercial, M&A issues, as well as assisted in the structuring of the transaction from capital markets perspective (considering that Zentiva S.A. Romania is a company listed on the stock exchange). Sanofi and Advent International have announced the completion of the deal under which Advent International purchased Zentiva, Sanofi’s European generics business for €1.9 billion. According to a press release issued on Monday, Advent will support the Zentiva management team to invest in the company’s operations, production facilities and R&D pipeline. The deal was announced in April 2018 and was subject to finalisation of definitive agreements, completion of the appropriate social processes and approval of relevant regulatory authorities. Tuca Zbarcea & Asociatii acted for Sanofi, with Bucharest M&A partner Sorin Vladescu and Capital markets partner Silvana Ivan-Hanganu at the helm of the team. They advised on the Romanian legal aspects incident to the transaction, including various corporate, commercial, M&A issues, as well as assisted in the structuring of the transaction from capital markets perspective (considering that Zentiva S.A. Romania is a company listed on the stock exchange). Advent is a global investor, with over 25 years’ experience of investing in the healthcare sector. It has extensive experience of executing corporate carve-outs and leveraging this expertise will support Zentiva as it enters a new phase of its history as an independent business. Headquartered in Prague, Zentiva reaches over 40 million patients in 25 European countries, including Romania, being one of the largest generics players in Europe. (According to the information provided by https://www.adventinternational.com/advent-international-completed-acquisition-of-zentiva-from-sanofi/ and https://www.adventinternational.com/advent-international-enters-exclusive-negotiations-acquire-zentiva-sanofis-european-generics-business/)
October 2, 2018
Țuca Zbârcea & Asociații acts for Sanofi in €1.9 billion pharma deal

Sanofi and Advent International have announced the completion of the deal under which Advent International purchased Zentiva, Sanofi’s European generics business for €1.9 billion.

Țuca Zbârcea & Asociații acted for Sanofi, with Bucharest M&A partner Sorin Vlădescu and Capital markets partner Silvana Ivan-Hanganu at the helm of the team. They advised on the Romanian legal aspects incident to the transaction, including various corporate, commercial, M&A issues, as well as assisted in the structuring of the transaction from capital markets perspective (considering that Zentiva S.A. Romania is a company listed on the stock exchange). [+]

Sanofi and Advent International have announced the completion of the deal under which Advent International purchased Zentiva, Sanofi’s European generics business for €1.9 billion.

According to a press release issued on Monday, Advent will support the Zentiva management team to invest in the company’s operations, production facilities and R&D pipeline. The deal was announced in April 2018 and was subject to finalisation of definitive agreements, completion of the appropriate social processes and approval of relevant regulatory authorities.

Țuca Zbârcea & Asociații acted for Sanofi, with Bucharest M&A partner Sorin Vlădescu and Capital markets partner Silvana Ivan-Hanganu at the helm of the team. They advised on the Romanian legal aspects incident to the transaction, including various corporate, commercial, M&A issues, as well as assisted in the structuring of the transaction from capital markets perspective (considering that Zentiva S.A. Romania is a company listed on the stock exchange). 

Advent is a global investor, with over 25 years’ experience of investing in the healthcare sector. It has extensive experience of executing corporate carve-outs and leveraging this expertise will support Zentiva as it enters a new phase of its history as an independent business.

Headquartered in Prague, Zentiva reaches over 40 million patients in 25 European countries, including Romania, being one of the largest generics players in Europe.

(According to the information provided by https://www.adventinternational.com/advent-international-completed-acquisition-of-zentiva-from-sanofi/ and https://www.adventinternational.com/advent-international-enters-exclusive-negotiations-acquire-zentiva-sanofis-european-generics-business/)

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Double victory for Tuca Zbarcea & Asociatii at last night’s Lawyers’ Awards Gala organised by Ziarul Financiar Romania’s most active transactional lawyers were awarded last night for their achievements in some of the most spectacular M&A deals concluded in 2017 and in the first half of 2018. Lawyers’ Awards Gala celebrates and recognises legal excellence across various industries, from agriculture, retail to FMCG, energy, real estate, IT&C etc. A total of ten awards were handed out, with Tuca Zbarcea & Asociatii scoring a double victory. The firm scooped the prize for The Largest Deal in Agribusiness Sector and the prize for The Largest Deal in Retail, respectively. The firm received a total of five nominations at this year’s Lawyers’ Awards Gala. Romania’s most active transactional lawyers were awarded last night for their achievements in some of the most spectacular M&A deals concluded in 2017 and in the first half of 2018. Lawyers’ Awards Gala celebrates and recognises legal excellence across various industries, from agriculture, retail to FMCG, energy, real estate, IT&C etc. A total of ten awards were handed out, with Tuca Zbarcea & Asociatii scoring a double victory. The firm scooped the prize for The Largest Deal in Agribusiness Sector and the prize for The Largest Deal in Retail, respectively. The firm received a total of five nominations at this year’s Lawyers’ Awards Gala. According to the organisers, the acquisition of Agricost by Al Dahra stands out as the most significant transaction in the agribusiness sector in 2017-2018. “It was a complex and important deal, and I would like to make use of this opportunity to thank my colleagues for the role they played in this transaction. It’s a significant concession contract regarding the largest arable farm in Europe”, said Dan Borbely, Partner at Tuca Zbarcea & Asociatii and leading lawyer in this deal. Furthermore, the acquisition of all retail outlets operating under the CCC brand in Romania from Peeraj Brands International SRL was named the largest deal in retail for 2017-2018. “My team made the deal run smoothly and I am truly grateful for their dedication and support throughout. It was an interesting transaction, posing no major concerns for the parties involved. The CCC franchise had been developed up to the point where it was only natural for the owner (CCC) to buy the Romanian franchise operated under its brand”, said Dan Borbely, Partner at Tuca Zbarcea & Asociatii who acted for Peeraj Brands International SRL on this deal. Now in its ninth edition, Lawyers’ Awards Gala gathers more than 100 lawyers, consultants and top executives each year.
September 28, 2018
Double victory for Țuca Zbârcea & Asociații at last night’s Lawyers’ Awards Gala organised by Ziarul Financiar

Romania’s most active transactional lawyers were awarded last night for their achievements in some of the most spectacular M&A deals concluded in 2017 and in the first half of 2018. Lawyers’ Awards Gala celebrates and recognises legal excellence across various industries, from agriculture, retail to FMCG, energy, real estate, IT&C etc.

A total of ten awards were handed out, with Țuca Zbârcea & Asociații scoring a double victory. The firm scooped the prize for The Largest Deal in Agribusiness Sector and the prize for The Largest Deal in Retail, respectively. The firm received a total of five nominations at this year’s Lawyers’ Awards Gala. [+]

Romania’s most active transactional lawyers were awarded last night for their achievements in some of the most spectacular M&A deals concluded in 2017 and in the first half of 2018. Lawyers’ Awards Gala celebrates and recognises legal excellence across various industries, from agriculture, retail to FMCG, energy, real estate, IT&C etc.

A total of ten awards were handed out, with Țuca Zbârcea & Asociații scoring a double victory. The firm scooped the prize for The Largest Deal in Agribusiness Sector and the prize for The Largest Deal in Retail, respectively. The firm received a total of five nominations at this year’s Lawyers’ Awards Gala.

According to the organisers, the acquisition of Agricost by Al Dahra stands out as the most significant transaction in the agribusiness sector in 2017-2018. “It was a complex and important deal, and I would like to make use of this opportunity to thank my colleagues for the role they played in this transaction. It’s a significant concession contract regarding the largest arable farm in Europe”, said Dan Borbely, Partner at Țuca Zbârcea & Asociații and leading lawyer in this deal.

Furthermore, the acquisition of all retail outlets operating under the CCC brand in Romania from Peeraj Brands International SRL was named the largest deal in retail for 2017-2018. “My team made the deal run smoothly and I am truly grateful for their dedication and support throughout. It was an interesting transaction, posing no major concerns for the parties involved. The CCC franchise had been developed up to the point where it was only natural for the owner (CCC) to buy the Romanian franchise operated under its brand”, said Dan Borbely, Partner at Țuca Zbârcea & Asociații who acted for Peeraj Brands International SRL on this deal.

Now in its ninth edition, Lawyers’ Awards Gala gathers more than 100 lawyers, consultants and top executives each year.

Premiul_pentru_cea_mai_mare_tranzactie_din_sectorul_agricol Premiul_pentru_cea_mai_mare_tranzactie_din_retail

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Tuca Zbarcea & Asociatii advised Erste Bank Group on acquiring a minority shareholding in Banca Comerciala Romana (BCR) from SIF Oltenia Our team advised on the corporate and M&A implications of the transaction, as well as on the full spectrum of capital markets issues, considering that both Erste Group Bank and SIF Oltenia are listed on the Bucharest Stock Exchange. Deputy Managing Partner Stefan Damian and Partner Silvana Ivan led the deal for the buyer. Our team advised on the corporate and M&A implications of the transaction, as well as on the full spectrum of capital markets issues, considering that both Erste Group Bank and SIF Oltenia are listed on the Bucharest Stock Exchange. Deputy Managing Partner Stefan Damian and Partner Silvana Ivan led the deal for the buyer. Further to the acquisition of the minority stake of 6.29% from SIF Oltenia (an investment company), Erste Group’s participation in BCR is set to increase to 99.88%. The remaining 0.12% shares in BCR are held mainly by former and current BCR employees. Subject to the successful completion of Erste Group and SIF Oltenia’s corporate and regulatory approval processes (Extraordinary General Meeting of Shareholders in SIF Oltenia’s case, Supervisory Board and European Central Bank in Erste Group’s case), the purchase will be implemented in a single sale-purchase transaction. The parties signed the sale-purchase agreement on August 16th, 2018. (According to the information provided by https://www.erstegroup.com/en/news-media/press-releases/2018/06/25/erste-group-sif-oltenia-agreement-alias and http://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/SIF5-Semnare-contract-de-vanzare-cumparare-a-pachetului-de-actiuni-detinut-la-BCR/02AAE)
August 21, 2018
Țuca Zbârcea & Asociații advised Erste Bank Group on acquiring a minority shareholding in Banca Comerciala Romana (BCR) from SIF Oltenia
Our team advised on the corporate and M&A implications of the transaction, as well as on the full spectrum of capital markets issues, considering that both Erste Group Bank and SIF Oltenia are listed on the Bucharest Stock Exchange. Deputy Managing Partner Stefan Damian and Partner Silvana Ivan led the deal for the buyer. [+]

Our team advised on the corporate and M&A implications of the transaction, as well as on the full spectrum of capital markets issues, considering that both Erste Group Bank and SIF Oltenia are listed on the Bucharest Stock Exchange. Deputy Managing Partner Stefan Damian and Partner Silvana Ivan led the deal for the buyer.

Further to the acquisition of the minority stake of 6.29% from SIF Oltenia (an investment company), Erste Group’s participation in BCR is set to increase to 99.88%. The remaining 0.12% shares in BCR are held mainly by former and current BCR employees.

Subject to the successful completion of Erste Group and SIF Oltenia’s corporate and regulatory approval processes (Extraordinary General Meeting of Shareholders in SIF Oltenia’s case, Supervisory Board and European Central Bank in Erste Group’s case), the purchase will be implemented in a single sale-purchase transaction.

The parties signed the sale-purchase agreement on August 16th, 2018.

(According to the information provided by https://www.erstegroup.com/en/news-media/press-releases/2018/06/25/erste-group-sif-oltenia-agreement-alias and http://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/SIF5-Semnare-contract-de-vanzare-cumparare-a-pachetului-de-actiuni-detinut-la-BCR/02AAE)

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Tuca Zbarcea & Asociatii advises The Rohatyn Group on acquiring Animax pet shops The Rohatyn Group (TRG), a private equity firm with $6 billion deployed since 2005, acquired the largest pet shop chain in Romania, operated by Pet Product SRL under the brand name Animax. The deal involves more than 80 stores in Bucharest and throughout the country. M&A Partner Catalin Baiculescu led the transaction alongside Mihaela Baiculescu, Senior Associate and Iulian Maier, Associate. In addition, Andreea Oprisan, Managing Associate, Sergiu Negreanu, Associate and Ramona Chitu (Moisa), Tax Director covered the competition law, banking law and tax implications of the deal. The Rohatyn Group (TRG), a private equity firm with $6 billion deployed since 2005, acquired the largest pet shop chain in Romania, operated by Pet Product SRL under the brand name Animax. The deal involves more than 80 stores in Bucharest and throughout the country. M&A Partner Catalin Baiculescu led the transaction alongside Mihaela Baiculescu, Senior Associate and Iulian Maier, Associate. In addition, Andreea Oprisan, Managing Associate, Sergiu Negreanu, Associate and Ramona Chitu (Moisa), Tax Director covered the competition law, banking law and tax implications of the deal. “We’re proud to have been retained by TRG for such a complex yet spectacular assignment. The TRG presence in Romania demonstrates once again the interest of big investors for the local market, amid country’s economic growth in the last years and the advance of the domestic consumption”, says Catalin Baiculescu. The Rohatyn Group (TRG) is one of the largest emerging markets private equity asset managers globally. With presence in 18 cities, TRG deployed $6 billion in 140 companies since 2005, with a current value of $9.2 billion. Prior to founding TRG in 2002, Nicolas Rohatyn spent 19-years at J.P. Morgan, including 5 years as a member of J.P. Morgan’s executive management team. Catalin Baiculescu stands amongst the best M&A lawyers in Romania, being ranked as a leading lawyer by the Legal 500, Chambers Europe and IFLR 1000. For the past 20 years, he advised international companies, investment funds, financial institutions and local entrepreneurs in connection with domestic and cross-border deals amounting to several billions of euros. (According to the information provided by http://www.zf.ro/companii/retail-agrobusiness/deloitte-confirma-ca-fondul-de-investitii-rohatyn-group-a-preluat-reteaua-animax-17350155)
July 12, 2018
Țuca Zbârcea & Asociații advises The Rohatyn Group on acquiring Animax pet shops
The Rohatyn Group (TRG), a private equity firm with $6 billion deployed since 2005, acquired the largest pet shop chain in Romania, operated by Pet Product SRL under the brand name Animax. The deal involves more than 80 stores in Bucharest and throughout the country. M&A Partner Cătălin Băiculescu led the transaction alongside Mihaela Băiculescu, Senior Associate and Iulian Maier, Associate. In addition, Andreea Oprișan, Managing Associate, Sergiu Negreanu, Associate and Ramona Chițu (Moisă), Tax Director covered the competition law, banking law and tax implications of the deal. [+]

The Rohatyn Group (TRG), a private equity firm with $6 billion deployed since 2005, acquired the largest pet shop chain in Romania, operated by Pet Product SRL under the brand name Animax. The deal involves more than 80 stores in Bucharest and throughout the country.

M&A Partner Cătălin Băiculescu led the transaction alongside Mihaela Băiculescu, Senior Associate and Iulian Maier, Associate. In addition, Andreea Oprișan, Managing Associate, Sergiu Negreanu, Associate and Ramona Chițu (Moisă), Tax Director covered the competition law, banking law and tax implications of the deal.

“We’re proud to have been retained by TRG for such a complex yet spectacular assignment. The TRG presence in Romania demonstrates once again the interest of big investors for the local market, amid country’s economic growth in the last years and the advance of the domestic consumption”, says Cătălin Băiculescu.

The Rohatyn Group (TRG) is one of the largest emerging markets private equity asset managers globally. With presence in 18 cities, TRG deployed $6 billion in 140 companies since 2005, with a current value of $9.2 billion. Prior to founding TRG in 2002, Nicolas Rohatyn spent 19-years at J.P. Morgan, including 5 years as a member of J.P. Morgan’s executive management team.

Cătălin Băiculescu stands amongst the best M&A lawyers in Romania, being ranked as a leading lawyer by the Legal 500, Chambers Europe and IFLR 1000. For the past 20 years, he advised international companies, investment funds, financial institutions and local entrepreneurs in connection with domestic and cross-border deals amounting to several billions of euros.

(According to the information provided by http://www.zf.ro/companii/retail-agrobusiness/deloitte-confirma-ca-fondul-de-investitii-rohatyn-group-a-preluat-reteaua-animax-17350155)

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ENGIE Romania retains Tuca Zbarcea & Asociatii for advice on acquiring a local IoT company specialised in Smart Public Lighting ENGIE Romania has recently announced the acquisition of of 60% of Flashnet, a Romanian Internet of Things (IoT) company. The move will further strengthen ENGIE’s competencies in both intelligent lighting and grid infrastructures. Tuca Zbarcea & Asociatii acted for ENGIE, with Partner Silvana Ivan leading the team of lawyers involved in the transaction. ENGIE Romania has recently announced the acquisition of of 60% of Flashnet, a Romanian Internet of Things (IoT) company. The move will further strengthen ENGIE’s competencies in both intelligent lighting and grid infrastructures. Tuca Zbarcea & Asociatii acted for ENGIE, with Partner Silvana Ivan leading the team of lawyers involved in the transaction. Established in 2005, Flashnet is continuously focusing on R&D which allows it to be at the forefront of IoT developments and launch innovative solutions for municipalities. Flashnet is a fast-paced tech company that integrates the latest IT, energy and telecommunications technologies into hardware and software solutions, creating and implementing intelligent systems for smarter cities and better infrastructure. Founded in 2005, FLASHNET is a leader in intelligent utility management systems, with worldwide operations. With this acquisition, ENGIE strengthens its position on the smart public lighting market. With 25+ years of experience, providing services to more than 500 cities and 1,300,000 lighting points across Europe and the Americas. (According to the information provided by https://www.flashnet.ro/engie-acquires-flashnet-an-iot-company-specialized-in-smart-public-lighting/)
July 5, 2018
ENGIE Romania retains Țuca Zbârcea & Asociații for advice on acquiring a local IoT company specialised in Smart Public Lighting

ENGIE Romania has recently announced the acquisition of of 60% of Flashnet, a Romanian Internet of Things (IoT) company. The move will further strengthen ENGIE’s competencies in both intelligent lighting and grid infrastructures. Țuca Zbârcea & Asociații acted for ENGIE, with Partner Silvana Ivan leading the team of lawyers involved in the transaction. [+]

ENGIE Romania has recently announced the acquisition of of 60% of Flashnet, a Romanian Internet of Things (IoT) company. The move will further strengthen ENGIE’s competencies in both intelligent lighting and grid infrastructures.

Țuca Zbârcea & Asociații acted for ENGIE, with Partner Silvana Ivan leading the team of lawyers involved in the transaction.

Established in 2005, Flashnet is continuously focusing on R&D which allows it to be at the forefront of IoT developments and launch innovative solutions for municipalities. Flashnet is a fast-paced tech company that integrates the latest IT, energy and telecommunications technologies into hardware and software solutions, creating and implementing intelligent systems for smarter cities and better infrastructure. Founded in 2005, FLASHNET is a leader in intelligent utility management systems, with worldwide operations.

With this acquisition, ENGIE strengthens its position on the smart public lighting market. With 25+ years of experience, providing services to more than 500 cities and 1,300,000 lighting points across Europe and the Americas.

(According to the information provided by https://www.flashnet.ro/engie-acquires-flashnet-an-iot-company-specialized-in-smart-public-lighting/)


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Tuca Zbarcea & Asociatii acts for Ringier Group in high-profile media deal Ringier Sportal, a joint venture of Ringier Romania and Bulgaria's Sportal Media Group agreed to buy Romanian sports brand Gazeta Sporturilor and its online platform – www.gsp.ro. Tuca Zbarcea & Asociatii advised on the M&A and corporate implications of the deal up to the signing. Ringier Sportal, a joint venture of Ringier Romania and Bulgaria's Sportal Media Group agreed to buy Romanian sports brand Gazeta Sporturilor and its online platform – www.gsp.ro. Gazeta Sporturilor is the country’s main sports newspaper founded in 1924. www.gsp.ro is the leader in digital sports news with more than 3.5 million unique viewers per month. Tuca Zbarcea & Asociatii advised on the M&A and corporate implications of the deal up to the signing. The transaction is subject to regulatory approvals. Founded in 1992, Ringier Romania is the biggest digital publishing group in Romania and a key player on the local media market. (According to the information provided by https://seenews.com/news/ringier-sportal-to-buy-romanian-newspaper-gazeta-sporturilor-website-gspro-618747|)
July 4, 2018
Țuca Zbârcea & Asociații acts for Ringier Group in high-profile media deal
Ringier Sportal, a joint venture of Ringier Romania and Bulgaria's Sportal Media Group agreed to buy Romanian sports brand Gazeta Sporturilor and its online platform – www.gsp.ro. Țuca Zbârcea & Asociații advised on the M&A and corporate implications of the deal up to the signing. [+]
Ringier Sportal, a joint venture of Ringier Romania and Bulgaria's Sportal Media Group agreed to buy Romanian sports brand Gazeta Sporturilor and its online platform – www.gsp.ro. Gazeta Sporturilor is the country’s main sports newspaper founded in 1924. www.gsp.ro is the leader in digital sports news with more than 3.5 million unique viewers per month.

Țuca Zbârcea & Asociații advised on the M&A and corporate implications of the deal up to the signing.

The transaction is subject to regulatory approvals.

Founded in 1992, Ringier Romania is the biggest digital publishing group in Romania and a key player on the local media market.

(According to the information provided by https://seenews.com/news/ringier-sportal-to-buy-romanian-newspaper-gazeta-sporturilor-website-gspro-618747|)

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Tuca Zbarcea & Asociatii advises Speedwell Real Estate Development on buying two plots of land from Immofinanz Speedwell Real Estate Development has agreed to acquire two plots of land of more than 50,000 sqm from the Austrian real estate investor Immofinanz. The lands are located in Northern Bucharest and will help Speedwell complete its residential portfolio on the premium market segment. Tuca Zbarcea & Asociatii fielded a team of lawyers led by real estate partner Razvan Gheorghiu-Testa. Speedwell Real Estate Development has agreed to acquire two plots of land of more than 50,000 sqm from the Austrian real estate investor Immofinanz. The lands are located in Northern Bucharest and will help Speedwell complete its residential portfolio on the premium market segment. Tuca Zbarcea & Asociatii fielded a team of lawyers led by real estate partner Razvan Gheorghiu-Testa. “The land plots themselves will be served by facilities such as retail, relaxation and office areas in the direct vicinity. One of these office areas is represented by the new Speedwell office project located on DN1,” Didier Balcaen, general manager of Speedwell, said in a press release. (According to the information provided by http://business-review.eu/property/speedwell-buys-two-land-plots-from-immofinanz-in-northern-bucharest-173613)
June 20, 2018
Țuca Zbârcea & Asociații advises Speedwell Real Estate Development on buying two plots of land from Immofinanz
Speedwell Real Estate Development has agreed to acquire two plots of land of more than 50,000 sqm from the Austrian real estate investor Immofinanz. The lands are located in Northern Bucharest and will help Speedwell complete its residential portfolio on the premium market segment. Țuca Zbârcea & Asociații fielded a team of lawyers led by real estate partner Răzvan Gheorghiu-Testa. [+]

Speedwell Real Estate Development has agreed to acquire two plots of land of more than 50,000 sqm from the Austrian real estate investor Immofinanz. The lands are located in Northern Bucharest and will help Speedwell complete its residential portfolio on the premium market segment.

Țuca Zbârcea & Asociații fielded a team of lawyers led by real estate partner Răzvan Gheorghiu-Testa.

“The land plots themselves will be served by facilities such as retail, relaxation and office areas in the direct vicinity. One of these office areas is represented by the new Speedwell office project located on DN1,” Didier Balcaen, general manager of Speedwell, said in a press release.

(According to the information provided by http://business-review.eu/property/speedwell-buys-two-land-plots-from-immofinanz-in-northern-bucharest-173613)

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Tuca Zbarcea & Asociatii takes lead role in IKB – BNP Paribas deal on the Romanian leasing market Romanian independent law firm Tuca Zbarcea & Asociatii advised IKB in relation to the sale of 100% held in IKB LEASING FINANCE IFN S.A. and IKB LEASING S.A. to BNP Paribas Leasing Solutions. The team was led by Partner Irina Moinescu, specialising in Corporate and M&A. Romanian independent law firm Tuca Zbarcea & Asociatii advised IKB in relation to the sale of 100% held in IKB LEASING FINANCE IFN S.A. and IKB LEASING S.A. to BNP Paribas Leasing Solutions. The team was led by Partner Irina Moinescu, specialising in Corporate and M&A. According to a press release issued by BNP Paribas Leasing Solutions, thanks to this acquisition, BNP Paribas Leasing Solutions has strengthened its position in Romania where it is already a major player in the leasing market. Pioneer of the usage economy, BNP Paribas Leasing Solutions is pursuing its ambition to support companies in Romania and help them move from the sales business model to one of leasing. The closing is expected by the end of the third quarter of 2018 and is subject to regulatory approvals. NOTE: Info on the deal was provided by https://leasingsolutions.bnpparibas.com/en/acquisition-ikb-leasing-romania/
June 15, 2018
Țuca Zbârcea & Asociații takes lead role in IKB – BNP Paribas deal on the Romanian leasing market

Romanian independent law firm Țuca Zbârcea & Asociații advised IKB in relation to the sale of 100% held in IKB LEASING FINANCE IFN S.A. and IKB LEASING S.A. to BNP Paribas Leasing Solutions.

The team was led by Partner Irina Moinescu, specialising in Corporate and M&A. [+]

Romanian independent law firm Țuca Zbârcea & Asociații advised IKB in relation to the sale of 100% held in IKB LEASING FINANCE IFN S.A. and IKB LEASING S.A. to BNP Paribas Leasing Solutions.

The team was led by Partner Irina Moinescu, specialising in Corporate and M&A.

According to a press release issued by BNP Paribas Leasing Solutions, thanks to this acquisition, BNP Paribas Leasing Solutions has strengthened its position in Romania where it is already a major player in the leasing market. Pioneer of the usage economy, BNP Paribas Leasing Solutions is pursuing its ambition to support companies in Romania and help them move from the sales business model to one of leasing.

The closing is expected by the end of the third quarter of 2018 and is subject to regulatory approvals.

NOTE: Info on the deal was provided by https://leasingsolutions.bnpparibas.com/en/acquisition-ikb-leasing-romania/

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