Filip & Company law firm has assisted Alpha Bank with the completion of the acquisition of the retail activities including the digital payments application, credit card and e-money products, customer portfolio and employees of Orange Money Romania, the digital financial services provider of Orange Romania. The acquisition documents were signed in August 2023 and regulatory approvals have since been obtained.

“This acquisition reflects Alpha Bank’s commitment to developing the ecosystem of digital solutions offered to its customers. We are delighted to have been able to assist Alpha Bank and support its efforts to create a superior digital experience. We are very grateful to our client for its trust and excellent collaboration”, said Alina Stancu Birsan, partner at Filip & Company.

The Filip & Company team involved in this transaction was coordinated by Alina Stancu Birsan (partner) and included Monica Statescu (partner), Rebecca Marina (senior associate), Camelia Iantuc (senior associate), Marius Gheldiu (associate) and Raluca Bita (associate). The employment aspects were handled by Cristina Tudoran (partner) and Bianca Chera (senior associate), while the competition and foreign investment aspects were handled by the team comprising Catalin Suliman (partner) and Roxana Rosca (associate).

Orange Money was assisted in this transaction by Radu Taracila Padurari Retevoescu SCA (RTPR).