IFLR1000

Balfin / Komercijana Banka €57.3 million acquisition of shares in Tirana Bank

8/8/2019
Private acquisition
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€ 57.3 million

$ 63.163 million

Completed

8/8/2019

Overview:

  • North Macedonian bank Komercijalna Banka and Albanian investment group Balfin have acquired Albania's Tirana Bank from Greece's Piraeus Bank for €57.3 million. 
  • Tirana Bank will continue to operate as a separate entity.

Rajeeb Gurung - Researcher

Jurisdictions:

Albania
North Macedonia

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Banking

Firms:
Boga & Associates

Party: Piraeus Bank (Seller)

Lawyers: Alketa Uruçi, Genc Boga

Norton Rose Fulbright

Party: Piraeus Bank (Seller)

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