IFLR1000

Cofidis Participations €400 million acquisition of Banco Banif Mais

4/6/2015
Public acquisition
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€ 410 million

$ 429.429 million

Completed

4/6/2015

Overview:

  • French financial services company Cofidis Participations successfully acquired a 100% share hold in Portuguese Banif Mais for approximately €410 million, from various vendors including BANIF bank.
  • As part of the deal the company also acquired insurance broker Margem Seguros and the international business of Banif Mais. 

John Crabb - Journalist 

Jurisdictions:

France
Portugal

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Portugal

Industry sector:

Banking

Firms:
Bredin Prat

Party: Cofidis Participations (Acquirer)

Cuatrecasas

Party: Banif Mais (Target)

Party: BANIF (Seller)

Uría Menéndez – Proença de Carvalho

Party: Cofidis Participations (Acquirer)

Lawyer: Carlos Costa Andrade

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