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Koutalidis Advises Alpha Bank on Partnership with UniCredit in Greece and Romania

Koutalidis Advises Alpha Bank on Partnership with UniCredit in Greece and Romania

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Koutalidis has advised Alpha Bank on its partnership with UniCredit in Greece and Romania.

According to Koutalidis, the partnership entails the “Merger of Romanian subsidiaries and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a 9.9% stake; establishment of a commercial partnership framework in Greece to distribute UniCredit’s asset management and unit-linked products to Alpha Bank’s 3.5 million clients and creation of a joint venture in pension-saving products with UniCredit becoming a 51% shareholder in AlphaLife; and the acquisition by UniCredit from the Hellenic Financial Stability Fund of all the shares that HFSF held in Alpha Services and Holdings, namely a stake of 8,9781%.”

The Koutalidis team included Partners Nikos Salakas and Effie Papoutsi.

Koutalidis did not respond to our inquiry on the matter.

Editor's Note: After this article was published, Kyriakides Georgopoulos announced it had advised the Hellenic Financial Stability Fund on the disposal of its 8,9781% stake in Alpha Services and Holdings SA to UniCredit. The firm's team included Partners Konstantinos Vouterakos, Ioanna Antonopoulou, and Apostolos Georgantas and Associates Marianna Katsifi and Athanasios Misirlis.

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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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