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.
