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Closing: Sale of BNP Paribas Personal Finance Bulgaria to Eurobank Now Closed

Closing: Sale of BNP Paribas Personal Finance Bulgaria to Eurobank Now Closed

Bulgaria
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In June 2023, Boyanov & Co announced that the sale of BNP Paribas Personal Finance Bulgaria to Eurobank (reported by CEE Legal Matters on February  14, 2023) had closed.

BNP Paribas Personal Finance is a European consumer finance group. Eurobank Bulgaria is the Eurobank Ergasias Services and Holdings subsidiary in Bulgaria.

According to Boyanov & Co, this transaction “strengthens Eurobank’s position in the Bulgarian retail sector, while it also provides significant opportunities for improved customer service to the clients of both units and the implementation of innovative digital solutions for customers on a larger scale.”

As previously reported, Wolf Theiss and Shearman & Sterling had advised BNP Paribas, while Deloitte Legal and Boyanov & Co had advised Eurobank.

The Boyanov & Co updated team included Partners Peter Petrov and Yordan Naydenov, Senior Counsel Svetlina Kortenska, Senior Associate Deyan Terziev, Associate Adriana Bakalova, and Junior Associate Teodora Peycheva.

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.

Editor's Note: After this article was published, Deloitte Legal announced the updated composition of its team working on the deal. The firm's team was led by Managing Associates Kaloyan Yordanov and Adelina Mitkova and included Senior Associate Konstantin Ivanov and Associates Simona Toneva, Georgi Stefanov, and Kristian Nemtsov

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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