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Vernon David, Schoenherr, and Filip & Company Advise on Victoriabank Acquisition of BCR’s Chisinau Subsidiary

Vernon David, Schoenherr, and Filip & Company Advise on Victoriabank Acquisition of BCR’s Chisinau Subsidiary

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Vernon David and Filip & Company have advised Moldova's Victoriabank on its acquisition of the Chisinau subsidiary of Banca Comerciala Romana. Schoenherr advised the seller.

Closing is expected in the second half of 2023, pending regulatory approval.

Established in 1989, Victoriabank is a Moldovan commercial bank. Its main shareholders include Romania's Banca Transilvania and the European Bank for Reconstruction and Development.

According to Schoenherr, BCR Chisinau has over 13,000 active clients, 110 employees, and four branches – two in Chisinau, one in Cahul, and one in Balti.

Erste Group member BCR has one of the larger banking networks in Romania: 19 business centers, 17 mobile offices dedicated to companies, and 430 retail units across the country. 

The Vernon David team was led by Chisinau-based Partners Roman Ivanov and Sergiu Bivol and included Senior Associate Nadejda Ciubotaru and Associates Adelina Braga and Mihai Silta.

The Schoenherr team included Romania-based Partners Matei Florea and Madalina Neagu and Senior Attorney-at-Law Alexandra Pop, as well as Moldova-based Office Managing Partner Vladimir Iurkovski, Attorney-at-Law Andrian Guzun, and Associates Denis Lefter and Adriana Otean.

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