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Clifford Chance Advises on Sale of Credit Agricole Bank to Vista Bank in Romania

Clifford Chance Advises on Sale of Credit Agricole Bank to Vista Bank in Romania

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Clifford Chance’s Bucharest office has advised Credit Agricole on its sale of Credit Agricole Bank Romania to Vista Bank Romania. David & Baias reportedly advised the buyer on the deal.

Financial details of the transaction, which is expected to be completed in the first part of 2021, were not disclosed.

Credit Agricole is an international financial services company headquartered in Montrouge, France.

Clifford Chance’s team consisted of Partner Nadia Badea, Counsel Loredana Ralea, Senior Associates Radu Costin and Diana Crangasu, and Lawyer Alexandra Voicu.

The David & Baias team included Managing Partner Sorin David, Managing Associate Ovidiu Bold, and Senior Associate Catalina Ilie.

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MPR Partners | Maravela, Popescu & Asociatii is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners | Maravela, Popescu & Asociatii covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Asociatii as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

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