Filip & Company assisted Banca Transilvania in the acquisition of Idea Bank and of the other entities within the Idea Group in Romania

Published on 04.06.2021

Filip & Company advised Banca Transilvania on the signing of the acquisition of the shares held by the Polish Gertin Holding group in Idea :: Bank, Idea :: Leasing, Idea :: Insurance Broker and Idea :: Investment. Closing of the transaction is conditional upon approval by the National Bank of Romania, the Financial Supervisory Authority and the Competition Council.

Filip & Company assisted Banca Transilvania in the acquisition of Idea Bank and of the other entities within the Idea Group in Romania

The Filip & Company team was coordinated by Alina Stancu Bîrsan (partner) and Cristina Filip (partner) and included Olga Niță (partner), Rebecca Marina (senior associate), Lavinia Cazacu (associate) and Alexandru Moraru (associate).

“It is a privilege to assist Banca Transilvania in a new transaction that contributes to the modernization of the Romanian financial market. This acquisition demonstrates once again the transformational force of the BT group and the fact that the local financial services sector continues to be very dynamic. We are grateful for the trust that the BT team has placed in us”, said Alina Stancu Bîrsan, partner at Filip & Company.

Mihaela Nădășan, Deputy CEO of Banca Transilvania stated: “Each project involves a great cooperation effort to find the solutions required to facilitate the closing of a transaction. The professionalism and constructive attitude of the entire team have been once again fundamental to get to this point and I thank Filip & Company for assisting us.”

The Banking & Finance and Mergers & Acquisitions teams of Filip & Company have been involved in many of the largest and highest profile transactions in the financial sector in Romania.

Filip & Company is one of the leading law firms in Romania providing top quality assistance in all relevant areas of law for businesses operating in Romania or considering Romania.

Specialized in complex projects that require an innovative approach, Filip & Company lawyers have a wide experience in several domains, such as infrastructure and concession, mergers and acquisitions, energy, corporate, real estate, competition law, finance and capital markets but also labour law, data protection, consumer protection and environmental law.

The law firm also provides legal assistance and representation in disputes and arbitrations with significant implications for the clients’ businesses.