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Closing: Sale of Tiriac Leasing to Banca Transilvania Now Closed

Closing: Sale of Tiriac Leasing to Banca Transilvania Now Closed

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On June 6, 2022, Filip & Company announced that the Tiriac Group’s sale of Tiriac Leasing to Banca Transilvania (reported by CEE Legal Matters on February 7, 2022) has now closed, following regulatory approval.

As previously reported, Filip & Company advised the Tiriac Group on the sale of Tiriac Leasing to Banca Transilvania, with PwC affiliated law firm D&B David and Baias advising Banca Transilvania on the deal.

The Tiriac Group operates in the automotive, real e­­state, financial services, air transportation, and energy sectors. Tiriac Leasing, operating since 1999, provides financial leasing for new and used vehicles.

Banca Transilvania is a banking institution with headquarters in Cluj-Napoca, Romania. According to a company press release, 1993-founded BT is the largest bank in Romania in terms of assets, with a market share of over 19%.

Filip & Company’s team included Managing Partner Cristina Filip, Counsels Georgeta Gavriloiu and George Trantea, and Associates Andrei Konya, Andreea Calin, Lavinia Cazacu, Larisa Jurca, Bianca Chera, Andreea Dinu, and Rares Crismaru.

Filip & Company at a Glance

Filip & Company is one of the leading law firms in Romania providing top quality assistance in all relevant areas of law for businesses operating in Romania or considering Romania. Specialized in complex projects that require an innovative approach, Filip & Company lawyers have significant experience in various areas, such as infrastructure and concession, mergers and acquisitions, energy, corporate, real estate, competition law, finance, and capital markets but also labour law, data protection, consumer or environment protection. The law firm also provides legal assistance and representation in disputes and arbitrations with significant implications for the clients’ businesses.

To find out more about Filip & Company’s expertise areas and team, please visit https://filipandcompany.com/