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CMS Advises on Commerzbank’s Sale of Hungarian Subsidiary to Erste

CMS Advises on Commerzbank’s Sale of Hungarian Subsidiary to Erste

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CMS has advised Germany's Commerzbank on the sale of Hungarian subsidiary Commerzbank Zrt to Erste Bank Hungary. Bird & Bird reportedly advised Erste.

Closing is expected in the second half of 2022, pending regulatory approval by the Hungarian Central Bank and the Hungarian Competition Office, among others.

CMS’s team included Partners Andreas Kohler, Erika Papp, and Szabolcs Szendro, Senior Counsels Eszter Torok and Eszter Kalman, Senior Consultant Arpad Lantos, Senior Associates Dorottya Varga-Giesz, Judit Kresz, and Sandor Kovacs, and Associate Dora Altziebler.

Hungary Knowledge Partner

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.

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