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Closing: KBC Bank’s Acquisition of Raiffeisenbank in Bulgaria Now Closed

Closing: KBC Bank’s Acquisition of Raiffeisenbank in Bulgaria Now Closed

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On July 11, 2022, Kinstellar announced that KBC Bank’s acquisition of Raiffeisenbank in Bulgaria (reported by CEE Legal Matters on November 25, 2021) had closed.

As previously reported, Kinstellar and E+H advised Belgian KBC Group subsidiary KBC Bank on its EUR 1 billion acquisition of Raiffeisen Bank International’s Bulgarian subsidiary Raiffeisenbank, with Wolf Theiss advising the seller.

According to Kinstellar, "the transaction also includes Raiffeisenbank Bulgaria’s fully owned subsidiaries Raiffeisen Leasing Bulgaria, Raiffeisen Asset Management (Bulgaria), Raiffeisen Insurance Broker, and Raiffeisen Service."

Earlier this year, this transaction won the 2021 CEELM Deal of the Year Award for Bulgaria (as announced on April 7, 2022). In-depth coverage of the deal is available in the CEE Legal Matters DOTY special issue.

Kinstellar’s updated team was led by Partners Diana Dimova and Nina Tsifudina and Counsel Svilen Issaev and included Of Counsel Dessislava Fessenko, Managing Associate Georgi Kanev, Senior Associate Denitsa Kuzeva, and Associates Nikolay Gergov and Gabriela Ivanova.

The E+H team was led by Partners Alric Ofenheimer and Josef Schmidt and included Partner Laurenz Liedermann and Associate Johannes Helm.

The Wolf Theiss team included Vienna-based Partners Andrea Gritsch and Claus Schneider and Counsel Zeno Grabmayr, as well as Sofia-based Partners Richard Clegg and Katerina Kraeva.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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