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Tonucci & Partners and Wolf Theiss Advise Union Bank on ICBank Acquisition

Tonucci & Partners and Wolf Theiss Advise Union Bank on ICBank Acquisition

Albania
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Tonucci & Partners advised Union Bank on the acquisition of the International Commercial Bank in Albania, and Wolf Theiss provided legal advice to Union Bank during the regulatory approval phase.

The price of the deal was not disclosed. In January, the transaction was approved by Albania's competition authority.

International Commercial Bank is a subsidiary of Swiss-based ICB Financial Group Holdings. The transaction involves 100% of the bank's voting shares.

The Wolf Theiss team consisted of Partner Sokol Nako and Associates Kristaq Profkola and Denis Selimi.