Filip & Company and D&B David and Baias Advise on Tiriac Group's Sale of Financial Leasing Business to BT

Filip & Company and D&B David and Baias Advise on Tiriac Group's Sale of Financial Leasing Business to BT

Romania
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Filip & Company has advised the Tiriac Group on the sale of Tiriac Leasing to Banca Transilvania. PwC affiliated law firm D&B David and Baias advised Banca Transilvania on the deal.

The transaction remains contingent on regulatory approval.

The Tiriac Group operates in the automotive, real e­­state, financial services, air transportation, and energy sectors. Tiriac Leasing, operating since 1999, provides financial leases 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.