Filip & Company team assisted Banca Transilvania Group in the acquisition of BRD Pensions, a Societe Generale group company that manages a mandatory private pension fund (Pillar II) and a voluntary pension fund (Pillar III). Completion of the transaction is subject to the relevant regulatory approvals.

“We are delighted to assist Banca Transilvania Financial Group in this transaction, which consolidates and expands the pension fund market and contributes to the development of a very important segment for the Romanian economy. We are grateful and thank Banca Transilvania for the trust and the opportunity to be part of this team.”, said Alina Stancu Bîrsan, partner and head of the Finance & Banking department of Filip & Company.

The Filip & Company team that assisted Banca Transilvania Financial Group in this transaction was coordinated by Alina Stancu Bîrsan (partner) and included Olga Solomon (Niță) (partner), Rebecca Marina (counsel), Raluca Biță (associate), Daria Olteanu (associate) and Valeriu Iliescu (associate) in key positions.