October 2016 – Kinstellar’s team in Bucharest has successfully advised Alpha Bank Romania on the divestiture of its shares in the Chisinau-listed Moldavian bank, Victoriabank S.A., to the European Bank for Reconstruction and Development (EBRD).
The deal was structured via an in-kind contribution in a Dutch SPV and subsequent sale of the subscribed shares to EBRD. The transaction covered three jurisdictions—Romania, Moldova and the Netherlands—and Kinstellar acted as a lead counsel for Alpha Bank, coordinating Dutch and Moldavian counsel.
The Kinstellar team was made of Razvan Popa (Partner) and Zsuzsa Csiki (Managing Associate).
Razvan Popa, Partner and head of Kinstellar’s M&A practice in Romania, comments: “We are delighted to have acted as lead counsel on this complex cross-border transaction. Our broad-based corporate experience, combined with our ability to coordinate and work smoothly with local counsel in other jurisdictions, enabled us to achieve the best result for our client.”