Linklaters advises EximBank on the acquisition of Banca Romaneasca
Linklaters has advised the Export-Import Bank of Romania (EximBank) on its purchase of a 99.28% stake in Banca Romaneasca (BROM) from the National Bank of Greece (NBG). EximBank is a state-owned Romanian bank which is currently focused on servicing the corporate market, delivering products tailored for companies involved in foreign trade. EximBank’s acquisition will be the first time a Romanian state bank has taken over a privately owned lender and will represent the bank’s first entry into the retail banking segment in Romania.
“We are pleased to have been given such an interesting mandate. The smooth running of this deal would not have been possible without the help of EximBank’s local counsel in Romania Bulboacă & Asociații”
notes Warsaw Corporate/M&A managing associate Christopher Quinn.
“We are delighted to have assisted EximBank on this landmark transaction and are looking forward to a swift closing”
adds Warsaw partner Daniel Cousens.
Closing of the deal is subject to approval from the National Bank of Romania and the Romanian Competition Council
The transaction team was led by Warsaw Corporate/M&A managing associate Christopher Quinn and Corporate/M&A partner Daniel Cousens with support from the head of the Warsaw TMT/IP practice Agnieszka Mencel.