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Tuca Zbarcea & Asociatii seals largest office lease transaction in Romania this year Romanian independent outfit Tuca Zbarcea & Asociatii advised US giant Electronic Arts Inc. on the largest transaction in the office market in Romania so far. Electronic Arts concluded a long-term lease agreement with real estate developer AFI Europe on the leasing of 11,500 sqm of office premises in landmark AFI Park 2 building. Romanian independent outfit Tuca Zbarcea & Asociatii advised US giant Electronic Arts Inc. on the largest transaction in the office market in Romania so far. Electronic Arts concluded a long-term lease agreement with real estate developer AFI Europe on the leasing of 11,500 sqm of office premises in landmark AFI Park 2 building. According to media reports, the total rental value exceeds 14 million Euros. The team acting for the Romanian subsidiary of Electronic Arts Inc. was led by real estate Partner Razvan Gheorghiu-Testa and real estate Managing Associate Raluca Misu. Electronic Arts Inc. is a leading global interactive entertainment software company. Electronic Arts Inc. delivers games, content and online services for Internet-connected consoles, personal computers, mobile phones and tablets. Electronic Arts Inc. is recognized for critically acclaimed, high-quality blockbuster franchises such as The Sims™, Madden NFL, FIFA Soccer, Need for Speed™, Battlefield™ and Mass Effect™.
November 21, 2013
Ţuca Zbârcea & Asociaţii seals largest office lease transaction in Romania this year
Romanian independent outfit Ţuca Zbârcea & Asociaţii advised US giant Electronic Arts Inc. on the largest transaction in the office market in Romania so far. Electronic Arts concluded a long-term lease agreement with real estate developer AFI Europe on the leasing of 11,500 sqm of office premises in landmark AFI Park 2 building. [+]

Romanian independent outfit Ţuca Zbârcea & Asociaţii advised US giant Electronic Arts Inc. on the largest transaction in the office market in Romania so far. Electronic Arts concluded a long-term lease agreement with real estate developer AFI Europe on the leasing of 11,500 sqm of office premises in landmark AFI Park 2 building.

According to media reports, the total rental value exceeds 14 million Euros.

The team acting for the Romanian subsidiary of Electronic Arts Inc. was led by real estate Partner Răzvan Gheorghiu-Testa and real estate Managing Associate Raluca Mişu.

Electronic Arts Inc. is a leading global interactive entertainment software company. Electronic Arts Inc. delivers games, content and online services for Internet-connected consoles, personal computers, mobile phones and tablets. Electronic Arts Inc. is recognized for critically acclaimed, high-quality blockbuster franchises such as The Sims™, Madden NFL, FIFA Soccer, Need for Speed™, Battlefield™ and Mass Effect™.

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Tuca Zbarcea & Asociatii Advises Getin Holding on its Romanian Market Entry Tuca Zbarcea & Asociatii acted for Getin Holding as it sealed its first deal in the Romanian market. The Romanian independent law firm has advised the fastest growing Polish financial group throughout its acquisition of the full 100% stake in the Romanian International Bank (RIB), a local lender dealing with individual clients and small- and medium-sized enterprises. The deal marks the first Romanian market entry by the Polish financial group, which also owns a number of banks and financial companies in Ukraine, Russia and Belarus. Tuca Zbarcea & Asociatii acted for Getin Holding as it sealed its first deal in the Romanian market. The Romanian independent law firm has advised the fastest growing Polish financial group throughout its acquisition of the full 100% stake in the Romanian International Bank (RIB), a local lender dealing with individual clients and small- and medium-sized enterprises. The deal marks the first Romanian market entry by the Polish financial group, which also owns a number of banks and financial companies in Ukraine, Russia and Belarus. Tuca Zbarcea & Asociatii fielded a team of lawyers headed by Cornel Popa (Partner), Cristian Radu (Managing Associate) and Gabriela Anton (Managing Associate). They were supported by other lawyers from the firm’s banking, M&A, competition, IP and labour practice groups, including Patricia Enache, Bogdan Halcu, Mihai Anghel, Alexandru Anghel, Andreea Oprisan, Cornelia Tabirta, Raluca Sanucean and Sergiu Cretu. The team advised the buyer throughout the acquisition process, covering the due diligence investigation into the target company, defining and structuring of the contractual framework and negotiating the transaction documents. The deal is subject, inter alia, to regulatory approval from the main financial market supervisory authorities. Tuca Zbarcea & Asociatii will continue to advise Getin Holding on implementing the agreement. “This was a great transaction to be involved in and also truly challenging to execute given the tight timetable. Getin Holding is an active player on the banking M&A market in the CEE region and we appreciated the opportunity to help the Polish financial group make its entry into the Romanian market. We are really looking forward to working on more projects together in the future,” said Cristian Radu, Managing Associate of Tuca Zbarcea & Asociatii. Getin Holding operates on Eastern European markets such as Poland, Ukraine, Belarus and Russia in the banking, financial intermediation, insurance and leasing sectors. The Polish financial group is one of the biggest companies listed on the Warsaw Stock Exchange WIG 40 index. The acquisition of the Romanian International Bank is part of a series of banking matters in which Tuca Zbarcea & Asociatii has been involved during the past 12 months. These have included major moves through which credit and financial institutions have resized their operations on the local market through portfolio acquisitions or transfers. In this context, Tuca Zbarcea & Asociatii acted for Piraeus Bank in relation to the takeover of some of ATE Bank’s assets in a partial de-merger, and advised UniCredit Tiriac Bank on the takeover of RBS Bank Romania’s retail portfolio.
November 5, 2013
Ţuca Zbârcea & Asociaţii Advises Getin Holding on its Romanian Market Entry

Ţuca Zbârcea & Asociaţii acted for Getin Holding as it sealed its first deal in the Romanian market. The Romanian independent law firm has advised the fastest growing Polish financial group throughout its acquisition of the full 100% stake in the Romanian International Bank (RIB), a local lender dealing with individual clients and small- and medium-sized enterprises. The deal marks the first Romanian market entry by the Polish financial group, which also owns a number of banks and financial companies in Ukraine, Russia and Belarus. [+]

Ţuca Zbârcea & Asociaţii acted for Getin Holding as it sealed its first deal in the Romanian market.

The Romanian independent law firm has advised the fastest growing Polish financial group throughout its acquisition of the full 100% stake in the Romanian International Bank (RIB), a local lender dealing with individual clients and small- and medium-sized enterprises.

The deal marks the first Romanian market entry by the Polish financial group, which also owns a number of banks and financial companies in Ukraine, Russia and Belarus.

Ţuca Zbârcea & Asociaţii fielded a team of lawyers headed by Cornel Popa (Partner), Cristian Radu (Managing Associate) and Gabriela Anton (Managing Associate). They were supported by other lawyers from the firm’s banking, M&A, competition, IP and labour practice groups, including Patricia Enache, Bogdan Halcu, Mihai Anghel, Alexandru Anghel, Andreea Oprişan, Cornelia Tăbîrţă, Raluca Sănucean and Sergiu Creţu.

The team advised the buyer throughout the acquisition process, covering the due diligence investigation into the target company, defining and structuring of the contractual framework and negotiating the transaction documents. The deal is subject, inter alia, to regulatory approval from the main financial market supervisory authorities.

Ţuca Zbârcea & Asociaţii will continue to advise Getin Holding on implementing the agreement.

“This was a great transaction to be involved in and also truly challenging to execute given the tight timetable. Getin Holding is an active player on the banking M&A market in the CEE region and we appreciated the opportunity to help the Polish financial group make its entry into the Romanian market. We are really looking forward to working on more projects together in the future,” said Cristian Radu, Managing Associate of Ţuca Zbârcea & Asociaţii.

Getin Holding operates on Eastern European markets such as Poland, Ukraine, Belarus and Russia in the banking, financial intermediation, insurance and leasing sectors. The Polish financial group is one of the biggest companies listed on the Warsaw Stock Exchange WIG 40 index.

The acquisition of the Romanian International Bank is part of a series of banking matters in which Ţuca Zbârcea & Asociaţii has been involved during the past 12 months. These have included major moves through which credit and financial institutions have resized their operations on the local market through portfolio acquisitions or transfers. In this context, Ţuca Zbârcea & Asociaţii acted for Piraeus Bank in relation to the takeover of some of ATE Bank’s assets in a partial de-merger, and advised UniCredit Tiriac Bank on the takeover of RBS Bank Romania’s retail portfolio.

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Assisting the largest distribution company in the Romanian consumer goods market in the acquisition of full ownership of Wella Romania [...]
Assisting the largest distribution company in the Romanian consumer goods market in the acquisition of full ownership of Wella Romania
Successful assistance of the number one integrated oil and gas group in Central Europe in the restructuring of the petrochemicals business carried out at Arpechim Piteşti and subsequent sale thereof [...]
Successful assistance of the number one integrated oil and gas group in Central Europe in the restructuring of the petrochemicals business carried out at Arpechim Pitesti and subsequent sale thereof
Assisting the most active pension fund on the local market in the successful completion of three mergers through absorption [...]
Assisting the most active pension fund on the local market in the successful completion of three mergers through absorption


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