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.