Allen & Overy has advised Powszechna Kasa Oszczędności Bank Polski S.A. (PKO Bank Polski) on the PLN73 million and EUR5.5 million financing granted to Polski Bank Komórek Macierzystych S.A., a stem cells bank based in Poland and the largest in Europe. 

The RTPR Allen & Overy team in Bucharest was led by Counsel Poliana Gogu-Naum, coordinated by Partner Victor Padurari and further included Junior Associate Andrei Konya.The A&O Warsaw team was coordinated by Partner Tomasz Kawczynski and Associate Weronika Groskrejc, and also included lawyers from Madrid and Budapest offices.

Poliana Gogu-Naum, Counsel, said: “We are honoured to have advised PKO Bank Polski once again in relation to another key financing in the region. This is a landmark transaction for the stem cells bank sector which is fast developing in recent years. We are happy we have contributed to this deal and I am sure we will hear soon of their growing business. PKO Bank is one of our traditional clients in the region and we would like to thank them for the excellent cooperation on this deal.”

Poliana was awarded Rising Star for Romania at the inaugural Europe Rising Stars Awards which was organised by Euromoney Legal Media Group and was held in London last month. She is recommended as a Next Generation Lawyer in the Banking & Finance section of the 2019 edition of Legal 500 and is ranked as Highly Regarded in the 2020 edition of IFLR1000.