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DLA Piper Assists with Establishment of Hungarian Bankholding Ltd.

DLA Piper Assists with Establishment of Hungarian Bankholding Ltd.

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DLA Piper has advised the Budapest Bank Group, KB Bank Group, and the Takarekbank Group on their establishment of the Hungarian Bankholding Ltd. financial holding company.

DLA Piper describes Hungarian Bankholding as, “Hungary's second largest banking group providing services to 1.9 million customers, 200,000 micro-enterprises, 30,000 small and medium-sized enterprises, and 6,000 private banking clients.”

According to DLA Piper, “on October 30, the owners of the Budapest Bank Group, MKB Bank Group, and Takarekbank Group, signed an investment and shareholders’ agreement in accordance with their previous letter of intent.” Pursuant to this agreement, the firm reports, “on December 15, 2020, the signatories transferred their shares in their respective banks to Hungarian Bankholding Ltd., their jointly owned financial holding company.”

DLA Piper’s team consisted of Partners Andras Nemescsoi and Gabor Molnar, Counsel Gabor Hollos, Senior Associates Peter Virag and Jeno Kimmel, and Associates Balazs Szalbot and Andras Orban.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.