Filip & Company has advised Credit Europe Bank Romania on a cross-border merger by absorption into Credit Europe Bank.
According to Filip & Company, following completion, the bank will continue its operations in Romania as a branch of the Dutch parent entity.
“This cross-border merger (the first in the banking sector under the new legislative framework) reflects an important trend in the international banking market, that of optimizing and aligning operations at group level," commented Filip & Company Partner Alexandra Manciulea. "We are proud to have been able to support this complex process and to have contributed to the implementation of a strategic step for our client, Credit Europe Bank, an institution with a notable presence on the Romanian market."
The Filip & Company team included Manciulea and Partner Eliza Baias, Counsel Rebecca Marina, and Associates Gabriela-Bianca Gheorghe and Raluca Bita.
