Andersen Tax & Legal has helped the FCA Group alter the Polish structure of the banking arm of the FCA Bank, a joint venture of Fiat Chrysler Automobiles and Credit Agricole Consumer Finance.
According to Andersen Tax & Legal, “FCA-Group Bank Polska SA of Warsaw has merged cross-border with FCA Bank SpA of Torino, its shareholder, with the latter (as an absorbing Italian bank) launching the branch in Poland for the continuation of the Polish banking operations.”
The firm also reports that the “transformation of Polish operations is, after launching branches in Ireland and Belgium, the next step of implementation of the pan-European strategy of FCA Bank to streamline the organization and improve the integration of its EU banking activity. It is worth mentioning that FCA-Group Bank Polska (previously Fiat Bank Polska) was one of the first consumer finance banks present in Poland from the beginning of its transition to the market economy due to a long tie of Fiat Group with Poland.”
Andersen Tax & Legal’s team was led by Italian Partner Maricla Pennesi and Poland Managing Partner Marcin Matyka and included, in Poland, Partner Leszek Rydzewski, Senior Consultants Michal Osiak, Andrzej Chowaniec, and Robert Lopatek, and Lawyer Anna Laszczuk, and in Italy, Rome-based Partner Marco Giorgi. Advice on banking regulatory matters was provided by FKA Partner Leszek Rydzewski, working with Andersen Tax & Legal lawyers Katarzyna Chrapowicka, Anna Hleb-Koszanska, and Robert Lopatek.