Clifford Chance Badea has advised BNP Paribas Leasing on the acquisition of shares in two Romanian companies from IKB, a Germany-based group that is exiting the local market.
"The deal reconfirms global investors' interest in the local financial market, which is currently in the middle of the consolidation process and has development potential,” said Clifford Chance Badea Counsel Loredana Ralea. “Any successfully closed high-profile project validates this potential and contributes to the market's maturing process overall."
The Clifford Chance Badea team included Managing Partner Daniel Badea, Counsels Loredana Ralea and Cosmin Anghel, Senior Associate Diana Crangasu, and Associate Diana Moroianu.
Clifford Chance Badea informed CEE Legal Matters that it was "not allowed to disclose any other information" regarding the deal, including the identity of counsel for IKB.
Editor's Note: After this article was published Tuca Zbarcea & Asociatii announced that it advised IKB in relation to the sale of 100% held in IKB Leasing Finance IFN S.A. and IKB Leasing S.A. to BNP Paribas Leasing Solutions. The TZA team was led by Partner Irina Moinescu.