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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.

Romanian Knowledge Partner

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). 

Firm's website.

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