CMS teams in Austria and Croatia have advised Zagrebacka banka d.d, a member of UniCredit Group, on its sale of non-performing loan portfolios to a company controlled by APS Holding a.s. Ostermann & Partners advised APS Holding on the deal.
The transaction, which covers fully impaired and partially impaired loans granted to corporate and private individual customers, was signed on May 19, 2017 following the approval of the Croatian National Bank under rules pertaining to the disposal of materially significant portfolios. It closed at the end of May.
The CMS team advising Zagrebacka banka/UniCredit was headed by Vienna-based Partner Alexander Rakosi and included Vienna-based Attorney-at-Law Lisa Oberlechner and Associate Marie-Christine Lidl ad Zagreb Partner Jelena Nushol.
The Ostermann & Partners team was led by Managing Partner Mojmir Ostermann.