CMS has advised Alior Bank, via its branch in Romania, on the sale of a portfolio of approximately 4,000 retail clients, to Romanian bank Patria Bank.
Founded in 2008, Alior Bank is the eighth-largest banking group in Poland in terms of assets. It is listed on the Warsaw Stock Exchange.
According to CMS, "the biggest shareholder of Alior Bank is the PZU Group, one of the largest financial institutions in Poland and Central and Eastern Europe. The transaction, which consists of performing consumer loans having a balance of approximately RON 97 million as of April 30, 2024, is expected to close in September 2024."
The CMS team included Romania-based Partners Rodica Manea, Cristina Reichmann, and Cristina Popescu, Counsels Adina Nanescu and Claudia Nagy, Senior Associate Elena Andrei, and Associate Cristina Ciomos as well as Poland-based Of Counsel Pawel Wajda.
CMS was unable to provide additional information on the matter.
