Law firm PeliFilip team provided legal assistance to Banca Transilvania in the largest acquisition on the Romanian banking market this year.

On Friday, November 24, Banca Transilvania's representatives signed the acquisition contract for a 99.15% stake in Bancpost and 100% of the shares issued by ERB Retail Services IFN and ERB Leasing IFN, which are part of the Eurobank group.

PeliFilip lawyers from all five departments of the firm, including corporations, mergers and acquisitions, banking and finance law, real estate law, dispute resolution and commercial law, were involved in the project that lasted several months.

"We are pleased to have again helped to strengthen Transilvania Bank's position at the top of the banking services market in Romania. We are also grateful to BT for choosing us to be part of a new and challenging new project and to work with a team that we admire. We are proud of our client's success as well as the success of our team, " said Alina Stancu Bîrsan, partner of PeliFilip.

The PeliFilip team involved in this transaction was coordinated by Alina Stancu Bîrsan and Carmen Peli, partners, and included Oana Bădărău (Partner), Alexandra Manciulea (Senior Associate), Alexandru Gusa (Senior Associate) and Alexandra Lupu ).

PeliFilip also assisted Banca Transilvania when it took over Volksbank in 2015.