On June 6, 2022, Filip & Company announced that the Tiriac Group’s sale of Tiriac Leasing to Banca Transilvania (reported by CEE Legal Matters on February 7, 2022) has now closed, following regulatory approval.
As previously reported, Filip & Company advised the Tiriac Group on the sale of Tiriac Leasing to Banca Transilvania, with PwC affiliated law firm D&B David and Baias advising Banca Transilvania on the deal.
The Tiriac Group operates in the automotive, real estate, financial services, air transportation, and energy sectors. Tiriac Leasing, operating since 1999, provides financial leasing for new and used vehicles.
Banca Transilvania is a banking institution with headquarters in Cluj-Napoca, Romania. According to a company press release, 1993-founded BT is the largest bank in Romania in terms of assets, with a market share of over 19%.
Filip & Company’s team included Managing Partner Cristina Filip, Counsels Georgeta Gavriloiu and George Trantea, and Associates Andrei Konya, Andreea Calin, Lavinia Cazacu, Larisa Jurca, Bianca Chera, Andreea Dinu, and Rares Crismaru.