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Closing: Sale of BNP Paribas Personal Finance Bulgaria to Eurobank Now Closed

Closing: Sale of BNP Paribas Personal Finance Bulgaria to Eurobank Now Closed

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In June 2023, Boyanov & Co announced that the sale of BNP Paribas Personal Finance Bulgaria to Eurobank (reported by CEE Legal Matters on February  14, 2023) had closed.

BNP Paribas Personal Finance is a European consumer finance group. Eurobank Bulgaria is the Eurobank Ergasias Services and Holdings subsidiary in Bulgaria.

According to Boyanov & Co, this transaction “strengthens Eurobank’s position in the Bulgarian retail sector, while it also provides significant opportunities for improved customer service to the clients of both units and the implementation of innovative digital solutions for customers on a larger scale.”

As previously reported, Wolf Theiss and Shearman & Sterling had advised BNP Paribas, while Deloitte Legal and Boyanov & Co had advised Eurobank.

The Boyanov & Co updated team included Partners Peter Petrov and Yordan Naydenov, Senior Counsel Svetlina Kortenska, Senior Associate Deyan Terziev, Associate Adriana Bakalova, and Junior Associate Teodora Peycheva.

The Wolf Theiss team was led by Partner Katerina Kraeva and included Counsels Hristina Dzhevlekova and Oleg Temnikov and Senior Associates Staniella Todorova and Zhulieta Markova.

Editor's Note: After this article was published, Deloitte Legal announced the updated composition of its team working on the deal. The firm's team was led by Managing Associates Kaloyan Yordanov and Adelina Mitkova and included Senior Associate Konstantin Ivanov and Associates Simona Toneva, Georgi Stefanov, and Kristian Nemtsov

Boyanov & Co. at a Glance

BOYANOV & Co. is renowned for its exceptional services and extensive experience in a wide array of industries. As a co-founder and initiator of the SEE Legal Group, the firm has significantly influenced the legal landscape in the region.
Established in 1990, BOYANOV & Co. has been instrumental in advising on numerous landmark transactions in Bulgaria, earning an unrivalled reputation both locally and internationally as the go-to law firm for multinational businesses.
The firm's market leadership is underpinned by the superior quality of its services, which are informed by years of experience in international transactions, a deep understanding of local, European, and international law, and the exceptional expertise of its professionals. The diverse industry experience provides the firm with unique insights and a comprehensive understanding of its clients' businesses and their respective markets, enabling it to transfer successful solutions across borders.
BOYANOV & Co. offers a broad spectrum of integrated services, with notable expertise in Mergers and Acquisitions (M&A), Restructuring, Banking & Finance, Energy & Natural Resources, Technology, Media, and Telecommunications (TMT), Intellectual Property, Competition, Real Estate and Infrastructure, Employment, and Dispute Resolution.

Firm website.

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