Closing: Commerzbank’s Sale of Hungarian Subsidiary to Erste Now Closed

Closing: Commerzbank’s Sale of Hungarian Subsidiary to Erste Now Closed

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On December 14, 2022, the Lajer law firm announced that the sale of the Hungarian subsidiary of Commerzbank to Erste (reported by CEE Legal Matters on January 10, 2022) had closed.

Lajer advised Commerzbank Zrt, the Hungarian subsidiary of German Commerzbank AG, on the deal. According to the firm, the share deal closed on November 30, 2022, and the portfolio transfer deal closed on December 1, 2022.

As previously reported, CMS had advised Germany's Commerzbank AG on the sale of Commerzbank Zrt to Erste Bank Hungary. Bird & Bird had reportedly advised Erste.

The Lajer team included Partner Zsolt Lajer and Senior Counsels Csilla Szabadkai, Petra Mayer-Nagy, Gyorgy Bacsatyai, Marton Balogh, and Miklos Stettner.

The CMS 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.