23
Wed, Oct
56 New Articles

Efrim, Rosca si Asociatii, Gladei & Partners, and Cobzac & Partners Advise on Sale of Majority Stake in Moldindconbank

Efrim, Rosca si Asociatii, Gladei & Partners, and Cobzac & Partners Advise on Sale of Majority Stake in Moldindconbank

Moldova
Typography

Efrim, Rosca & Associates has advised the Moldovan Government, acting through the Agency for Public Property, on its sale of 63.8865% of the authorized capital of Moldindconbank to Bulgaria's Doverie United-Holding AD. Gladei & Partners and Cobzac & Partners advised Doverie-Invest on the deal, which had received preliminary approval on January 22 from the National Bank of Moldova.

Efrim, Rosca & Associates describes Moldindconbank, which has a 19% market share, as "a systemically important bank [that is] the second largest bank in the Moldovan market."

According to Gladei & Partners, "this was not an ordinary share transfer; the buyer has acquired new shares issued in replacement of the cancelled shares, previously owned by the non-compliant shareholders."

The Gladei & Partners team was led by Managing Partner Roger Gladei, working with Associates Valeriu Cernei, Dan Nicoara, and Irina Sugoneaco.

The Cobzac & Partners team was led by Managing Partner Daniel Cobzac, assisted with Senior Lawyer Ana Iovu and Lawyer Elena Vintea.

Our Latest Issue