12
Wed, Mar
53 New Articles

Cerha Hempel Advises EBRD on Sale of Stake in Erste Bank Hungary to Erste Group Bank

Cerha Hempel Advises EBRD on Sale of Stake in Erste Bank Hungary to Erste Group Bank

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Cerha Hempel, working with the Italian offices of K&L Gates, has advised the EBRD on the sale of a 15% stake in Erste Bank Hungary to the Erste Group Bank. Addleshaw Goddard reportedly advised the Erste Group Bank.

According to Cerha Hempel, “the transfer of the shares was executed in line with a put and call option agreement dated 2016, and followed the Hungarian government’s recent exit from Erste Bank Hungary.”

The Cerha Hempel team included Austria-based Partners Peter Knobl, Heinrich Foglar-Deinhardstein, and Jakob Hartig and Associate Isabella Patt and Hungary-based Partners Edina Nagy and Marton Kocsis and Senior Associate Magdolna Macsuga.

The K&L Gates team was led by Partner Paolo Zamberletti.

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. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

We are a true full-service firm, providing our private and public sector clients with advice on all aspects of their business. This includes transaction-related advice, people and employment, commercial dealings, litigation, information technology, media and communications, intellectual property, insurance, tax, real estate, and restructuring plans.

DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

Firm's website.

Our Latest Issue