Clifford Chance

Clifford Chance Badea advised UniCredit in the closing of its merger with Alpha Bank, resulting into the third largest banking group by assets in Romania

Clifford Chance Badea, the local office of global law firm Clifford Chance, advised UniCredit Bank in the closing of its merger with Alpha Bank Romania, resulting into the third largest banking group by assets in Romania.

The project was coordinated and implemented by a multidisciplinary team including Daniel Badea, Managing Partner of the Clifford Chance Bucharest office, a dedicated Corporate M&A team including Loredana Ralea (Partner), Ecaterina Burlacu (Counsel), and Maria Moga (Senior Associate), as well as a Banking & Finance team including Radu Ropotă (Partner) and Gabriel Toma (Counsel).

Daniel Badea, Managing Partner Clifford Chance Badea, said: “Clifford Chance's extensive global expertise, mixed with the experience of the local team, underpins a representative portfolio of transactions impacting the Romanian Banking & Finance industry. The Alpha Bank-UniCredit merger marks a new chapter in history, contributing to the consolidation and competitiveness of this sector at a very important moment for the Romanian economy in regional context. It has been an honor to contribute to this project and to work with the professional teams of UniCredit Bank and Alpha Bank.”

Partner Loredana Ralea added: “The transaction involved two leading financial institutions with complex structures operating within a rigorous regulatory framework. The process was intense, with a focus on the legal completion and operational implementation of the merger in accordance with compliance requirements, but also within an optimal timeframe for the harmonization of the newly formed entity’s activities and services. The result reflects the professionalism, experience and commitment of all parties involved. We thank the UniCredit Bank and Alpha Bank teams for an excellent collaboration and wish them success with future projects.”