NNDKP assisted Raiffeisen Bank Romania in the transaction whereby the bank becomes a shareholder in CIT ONE

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Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted Raiffeisen Bank Romania in a tripartite transaction whereby Banca Comercială Română, BRD Group Societe Generale and Raiffeisen Bank Romania will have equal ownership rights of 33.3% in CIT ONE, one of the most important companies on the Romanian market specialized in the transport, processing and storage of cash and other valuables.

The transaction will be finalized once the relevant authority approvals are obtained and all the necessary formalities are fulfilled.

The NNDKP team involved in this transaction was coordinated by Alina Radu, Partner and head of the Banking and Finance practice, together with Corina Dumitru, Partner, Corporate/M&A and Georgeta Dinu, Partner and head of Competition, State Aid and EU Law. They were assisted in this complex transaction by Monia Hantig, Senior Associate (Banking and Finance), Anca Diaconu, Associate (Competition), alongside several colleagues from the relevant practice areas.

 “We are thrilled and proud to have assisted Raiffeisen Bank România in this transaction, which posed novel and complex challenges and engaged us in excellent legal discussions and analyses. We thank the outstanding professionals with whom we work and wish them the best of luck!”, declared Alina Radu, Partner.

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