July 2022 – Kinstellar Sofia, acting as lead counsel, has successfully assisted its long-standing client KBC Bank with completing the acquisition of 100% of the shares of Raiffeisenbank (Bulgaria) EAD for EUR 1 009 million. The transaction also includes Raiffeisenbank Bulgaria’s fully owned subsidiaries Raiffeisen Leasing Bulgaria, Raiffeisen Asset Management (Bulgaria), Raiffeisen Insurance Broker and Raiffeisen Service.
Kinstellar’s team was led by Corporate/M&A Partners Diana Dimova and Nina Tsifudina and Counsel Svilen Issaev (Head of Banking & Finance in Sofia). Denitsa Kuzeva (Senior Associate) and Nikolay Gergov (Associate) assisted with banking regulatory and corporate matters. Dessislava Fessenko (Of Counsel) and Gabriela Ivanova (Associate) handled the competition/merger control work, and Georgi Kanev (Managing Associate, Head of IP/IT and Data Privacy) advised on IP/IT and commercial matters.