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Kinstellar advises OTP Bank on the sale of its Slovak operations to KBC Group

February 2020 Kinstellar has advised the Hungary-based regional financial group OTP Bank in connection with all aspects of the sale of its 99.44% shares in its Slovak operations to the Belgian KBC Group. The transaction is historically one of the few deals involving the sale of a fully functioning Slovak bank.

Kinstellar advised OTP Bank during the bidding process as well as with deal structuring, the regulatory aspects of the deal, due diligence assistance, and drafting and negotiating of all transaction documentation. We continue to advise OTP Bank on post-signing matters (e.g., regulatory approvals, merger clearance assistance, etc.).

The deal is subject to further regulatory approvals in Slovakia and Belgium.

The Kinstellar team was led by Gábor Gelencsér, a Partner in Kinstellar’s Budapest office. The Bratislava team consisted of Tomáš Melišek (Managing Associate), Dominika Bajzáthová (Senior Associate), Dáša Labašová, Norbert Štilla (Associates), and Lívia Miklenčičová, Matúš Kočíšek, Erik Neupaver and Štefan Sedlák (Junior Associates). The Budapest team included Barnabás Sági (Associate).

For more information please contact Gábor Gelencsér, Partner, at


, or Tomáš Melišek, Managing Associate, at .