The deal entails acquiring 100% in Garanti Bank S.A. and leasing company Motoractive IFN and is a strategic step for Raiffeisen Bank, which is thus strengthening its position on the Romanian banking market.
PwC Romania provided fiscal and financial due diligence services, as well as support in the negotiation process.
The multidisciplinary team of advisors specializing in deals was led by Cornelia Bumbacea, Partner. The financial due diligence services were supervised by Daniel-Sebastian Mocanu, Partner, together with Monica Popescu, Director, Oana Stoia (Stratina), Senior Manager, and Alina Ararau, Senior Manager. Fiscal assistance was provided by the team led by Ruxandra Tarlescu, Partner, and comprising Claudiu Simionescu, Director, Anca Lungeanu, Senior Manager, and Cristina Enescu, Senior Manager.
(English version by Loredana Fratila-Cristescu)