Kinstellar has advised Banque Federative du Credit Mutuel on the acquisition of BNP Paribas’s Hungarian subsidiary Magyar Cetelem Bank. Wolf Theiss advised BNP Paribas.
The acquisition was carried out via Banque Federative du Credit Mutuel subsidiary Cofidis Bank.
BFCM is at the core of the Credit Mutuel Alliance Federale group, a French mutual group made up of 14 regional federations, supported by two networks (Credit Mutuel and CIC) whose main activity is Bancassurance. Its capital is 91.7% owned by Caisse Federale de Credit Mutuel.
The Kinstellar team included Budapest-based Partners Gabor Gelencser, Levente Hegedus, and Peter Voros, Senior Associates Bianka Kovacs, Aron Barta, and Daniel Endre Nagy, and Associates Judit Sos, Orsolya Staniszewski, and Veronika Heiszer and Prague-based Partner Karla Rundtova.
Editor's Note: After this article was published, Wolf Theiss announced its team working on the deal included Partner Janos Toth, Counsel Melinda Pelikan, Senior Associate Gergely Szaloki, and Associates Laszlo Lovas and Viktoria Horvath.
