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Corvinus Nemzetközi Befektetési $700 million acquisition of Budapest Bank

1/6/2015
Public acquisition
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$ 700 million

Completed

1/6/2015

Overview:

  • Corvinus Nemzetközi Befektetési, a unit of the state-owned Hungarian Development Bank (MFB), has acquired Budapest bank for $700 million from General Electric Capital Group.
  • The bank underwent a restructuring before the sale.

Sam Duke - Editor

Jurisdiction:

Hungary

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Hungary

Industry sector:

Banking

Firms:
Szabó Kelemen & Partners Andersen Attorneys

Party: Corvinus Nemzetközi Befektetési (Acquirer)

Lawyer: Péter Vincze

Weil Gotshal & Manges

Party: GE Capital (Seller)

Lawyer: Michael Francies

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