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Wolf Theiss and DLA Piper Advise on Sale of Fundamenta-Lakaskassza to MBH Bank

Wolf Theiss and DLA Piper Advise on Sale of Fundamenta-Lakaskassza to MBH Bank

Hungary
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Wolf Theiss, working with Gleiss Lutz, has advised Bausparkasse Schwaebisch Hall, Wuestenrot & Wuerttembergische, and Bausparkasse Wuestenrot on their sale of a 76.35% participation in Fundamenta-Lakaskassza to MBH Bank. DLA Piper advised MBH Bank.

The transaction closed on March 27, 2024.

The MBH Bank is Hungary’s second-largest lender, according to WT.

Fundamenta-Lakaskassza is a Hungarian home savings bank.

"Following the transaction, Fundamenta will operate as a consolidated subsidiary of the buyer bank, but as an independent entity," Wolf Theiss reported.

Bausparkasse Schwaebisch Hall is a building society in Germany, active abroad with subsidiaries in Eastern Europe and China.

Wuestenrot & Wuerttembergische is a German financial services company.

Bausparkasse Wuestenrot provides banking services.

The Wolf Theiss team included Partner Janos Toth, Counsel Melinda Pelikan, and Associates Kinga Kajcsos, Laszlo Lovas, and Viktoria Horvath.

The DLA Piper team included Partners Gabor Molnar, Zoltan Kozma, and Zoltan Marosi, Senior Associates Levente Molnar, Jeno Kimmel, Tamas Szkiba, and Balazs Szalbot, Associate Mark Almasy Kozma, and Junior Associates Krisztina Varkonyi and Balazs Torok.

Editor’s Note: After this article was published, Oppenheim announced it had advised Fundamenta Lakaskassza and its board of directors. The firm’s team included Partners Mihaly Barcza, Zsolt Cseledi, and Istvan Szatmary, and Counsel Barna Fazekas.

Oppenheim at a Glance

Oppenheim is one of Central and Eastern Europe’s most innovative law firms. Our clients receive clear, simple and transparent legal solutions to their problems. They rely on us to provide them with comprehensive legal support in all areas of Hungarian and international business through our team of over 40 forward-thinking and success-oriented lawyers and legal experts.

Due to our tradition of retaining the best talent, our clients can take advantage of our team of top legal minds, a team with over 20 years of expertise together and a deep understanding of all business sectors and practices. In light of this experience, we understand the importance of tailoring our legal solutions to match the business needs of our clients.

Oppenheim is widely recognized as a market leader in the vast majority of its practice areas by the principal ranking agencies, including Legal 500, Chambers and Partners, Practical Law Company and IFLR.

Firm's website: www.oppenheimlegal.com/