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Freshfields advises NBG Group on the sale of both Banca Romaneasca and Vojvođanska Banka

  • The firm continues to advise NBG Group on sales related to its divestment programme
  • Freshfields has now acted on six significant disposals for the bank in the last two years
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised the National Bank of Greece S.A. (‘NBG’) on its sale of a 99.28% stake in Banca Romaneasca S.A. (‘Banca Romaneasca’) and a portfolio of Romanian-risk corporate loans to OTP Bank Romania S.A. The firm has also advised NBG on its sale of Vojvođanska Banka a.d. (‘Vojvođanska Banka’), NBG Leasing d.o.o., and a portfolio of Serbian-risk corporate loans, which were sold to OTP Banka Srbija A.D. Novi Sad. 
 
Combined, the two deals will strengthen NBG’s liquidity position by approximately €930m. These two transactions mark the fifth and sixth sales on which Freshfields has advised NBG in the last two years, having already advised it on the disposals of Finansbank A.Ş., United Bulgarian Bank A.D., South African Bank of Athens and Ethniki Hellenic General Insurance S.A.
 
The multi-jurisdictional Freshfields team is being led by corporate partner Sebastian Lawson. 
 
ENDS

Notes for Editors

About Freshfields Bruckhaus Deringer
 
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms.  Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most. 
 

The Freshfields team was led by: