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Kinstellar advises KBC Bank on the EUR 1 billion acquisition of Raiffeisenbank Bulgaria

November 2021 – Kinstellar Sofia has acted as lead counsel to KBC Bank NV on an agreement to acquire 100% of the shares of Raiffeisenbank (Bulgaria) EAD, comprising the Bulgarian banking operations of Raiffeisen Bank International, for EUR 1,015 million. The transaction also includes Raiffeisen Leasing Bulgaria, Raiffeisen Asset Management, Raiffeisen Insurance Broker and Raiffeisen Service.

Completion of the transaction is subject to regulatory approvals and is expected by mid-2022.

Kinstellar’s team was led by partner Diana Dimova, counsel Nina Tsifudina (Corporate/M&A) and counsel Svilen Issaev (Banking & Finance) and included Mladen Minev (Counsel), Dessislava Fessenko (Of Counsel), Georgi Kanev (Senior Associate), Emil Lukaev (Senior Associate), Yasen Nikolov (Senior Associate), Denitsa Kuzeva (Associate), Nikolay Gergov (Associate), Gabriela Ivanova (Associate) and Donika Stavreva (Trainee lawyer).