PNSA advised BRD Groupe Société Générale in the split of CIT One ownership

PNSA advised BRD Groupe Société Générale on its co-investment, along with Raiffeisen Bank and BCR, in CIT One, a company specialised in the transport, processing and storage of cash and other valuables, initially owned by BCR. CIT One will be jointly controlled by the three banks with equal ownership rights.

The transaction is awaiting approval of the competent supervisory authorities and of the Competition Council.

PNSA team was led by Partner Silviu Stoica (M&A) along with Managing Associate Vlad Ambrozie (M&A). The extended team included Partners Alexandru Ambrozie (Anti-bribery compliance), Mihaela Ion (Competition) and Mihaela Pohaci (Tax), Managing Associates Codrin Luță (Banking), Ioana (Dumitru) Cazacu (Employment) and Laura Ambrozie (Competition), Senior Associate Cristina Marcu (Intellectual Property) and Associates Ana Stoenescu (Anti-bribery compliance), Georgiana Enache (Litigation), Ruxandra Petcu (Corporate) and Vanessa Nistor (Competition).

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