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PNSA, NNDKP, and Filip & Company Advise on BRD's Investment in CIT One

PNSA, NNDKP, and Filip & Company Advise on BRD's Investment in CIT One

Romania
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Popovici Nitu Stoica & Asociatii has advised BRD Groupe Societe Generale on its co-investment with Raiffeisen Bank and BCR in CIT One. The transaction is pending regulatory approval. BCR and CIT One were advised by Filip & Company, while Raiffeisen Bank was advised by Nestor Nestor Diculescu Kingston Petersen.

CIT One, which PNSA describes as "a Romanian company specialized in transport, processing, and storage of cash and other valuables, initially owned by BCR," will be jointly controlled by the three banks with equal ownership rights.

The PNSA team was led by Partner Silviu Stoica and Managing Associate Vlad Ambrozie and included Partners Alexandru Ambrozie, Mihaela Ion, and Mihaela Pohaci, Managing Associates Codrin Luta, Ioana Cazacu, and Laura Ambrozie, Senior Associate Cristina Marcu, and Associates Ana Stoenescu, Georgiana Enache, Ruxandra Petcu, and Vanessa Nistor.

The NNDKP team included Partners Alina Radu, Corina Dumitru, and Georgeta Dinu, Senior Associate Monia Hantig, and Associate Anca Diaconu.

The Filip & Company team included Partners Alina Stancu Birsan and Catalin Suliman, Counsel Monica Statescu, and Senior Associate Silviu Vasile.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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