Generali Biztosito Divests Stake in Fundamenta Lakaskassza
Deal News | Dec 10, 2024 | CEE Legal Matters
Oppenheim has advised Generali Biztosito on selling its minority stake in Fundamenta Lakaskassza to MBH Bank. This transaction is still subject to regulatory approval. Generali Biztosito, a prominent insurance company, and MBH Bank, a private bank based in Hungary, are the key companies involved in this strategic deal. Oppenheim's team was led by Partner Jozsef Bulcsu Fenyvesi with support from Counsel Barna Fazekas and Senior Associate Gabriella Dinnyes. On the legal advisory side for MBH Bank, DLA Piper was involved with Partner Gabor Molnar and Senior Associate Tamas Szkiba. This transaction is indicative of ongoing consolidation within the financial services sector in Hungary.
Sectors
- Financial Services
- Legal Advisory
Geography
- Hungary – The companies involved, Generali Biztosito and MBH Bank, are based in Hungary, indicating this is a transaction within the Hungarian market.
Industry
- Financial Services – The transaction involves companies within the financial services sector, specifically insurance and banking.
- Legal Advisory – Both Oppenheim and DLA Piper are involved as legal advisors in the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Generali Biztosito | Selling Company | Company | An insurance company selling its minority stake in Fundamenta Lakaskassza. |
| MBH Bank | Bidding Company | Company | A private bank acquiring the minority stake in Fundamenta Lakaskassza. |
| Oppenheim | Legal Advisor to Generali Biztosito | Company | Provided legal advice to Generali Biztosito for this transaction. |
| DLA Piper | Legal Advisor to MBH Bank | Company | Provided legal advice to MBH Bank for this transaction. |
| Fundamenta Lakaskassza | Target Company | Company | The company in which a minority stake is being sold. |
| Jozsef Bulcsu Fenyvesi | Partner | Person | Partner at Oppenheim, leading the team advising Generali Biztosito. |
| Barna Fazekas | Counsel | Person | Counsel at Oppenheim, part of the team advising Generali Biztosito. |
| Gabriella Dinnyes | Senior Associate | Person | Senior Associate at Oppenheim, part of the team advising Generali Biztosito. |
| Gabor Molnar | Partner | Person | Partner at DLA Piper, leading the team advising MBH Bank. |
| Tamas Szkiba | Senior Associate | Person | Senior Associate at DLA Piper, part of the team advising MBH Bank. |