Wolf Theiss, working with Shearman & Sterling, has advised BNP Paribas Personal Finance on its sale of BNP Paribas Personal Finance Bulgaria to Eurobank Bulgaria. Deloitte Legal and Boyanov & Co advised the buyer.
Closing is expected in the first half of 2023, pending regulatory approval.
According to Wolf Theiss, "the deal bolsters Eurobank Bulgaria’s presence in the Bulgarian retail banking sector and provides significant opportunities for cross-selling because of BNP Paribas Personal Finance Bulgaria’s clientele."
BNP Paribas Personal Finance is a European consumer finance group. Eurobank Bulgaria is the Eurobank Ergasias Services and Holdings subsidiary in Bulgaria.
The Wolf Theiss team was led by Partner Katerina Kraeva and included Counsels Hristina Dzhevlekova and Oleg Temnikov and Senior Associates Staniella Todorova and Zhulieta Markova.
The Deloitte Legal team was led by Managing Associates Kaloyan Yordanov and Adelina Mitkova and included Senior Associate Konstantin Ivanov and Associates Simona Toneva and Georgi Stefanov.
The Boyanov & Co team included Partner Yordan Naydenov and Senior Counsel Svetlina Kortenska.
Editor's Note: This article was updated on February 17, 2023, to fix an error in Deloitte Legal's team composition.
Subsequently, in June 2023, Boyanov & Co announced that the transaction had successfully closed.