SCA TUCA ZBARCEA SI ASOCIATII

  |  2013-05-29

Several millions Euro worth transaction on handsel market advised by Tuca Zbarcea & Asociatii

Law firm Tuca Zbarcea & Asociatii advised the owners of handsel Express Credit Amanet within a selling transaction estimated at several million Euros by which US financvial services company Dollar Financial Group purchased the Romanian company.

According to the company, the talks on this transaction lasted 12 months and the advising encountered several challanges in terms of commercial and legal matters. The value of transaction is condfidential but, according to the legal house, it is worth several million Euros. DLA Piper was the adviser of the buyer.

 

In April this year,  Tuca Zbacea & Asociaţii advised the Greek bank Piraeus Bank regarding the sale of its 93.27% stake held in ATE Bank Romania for 10.3 million Euros.

 

A multidisciplinary team of lawyers specialising in Banking and Finance, Mergers and Acquisitions, Corporate and Commercial Law, as well as tax advisors assisted the client in negotiating and concluding the deal. The closing will take place following the prior completion of the spin off of the majority of assets and liabilities of ATE Bank Romania and contribution to the same to Piraeus Bank Romania. The transaction is also subject to regulatory approvals.

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#
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