MagNet Bank Acquires Controlling Interest in Polgari Bank
Deal News | Jun 13, 2025 | CEE Legal Matters
MagNet Bank has successfully acquired a controlling participation in Polgari Bank. Oppenheim provided legal advice to MagNet Bank, while Gardos, Mosonyi, Tomori advised the sellers in this transaction. Polgari Bank, established in 1992 and formerly known as Polgari Takarekszovetkezet, has been operating under its current name since 2013. The Oppenheim team advising MagNet Bank included Partner Jozsef Bulcsu Fenyvesi, Senior Counsel Agnes Szaz, Counsel Barna Fazekas, Associate Helga Lieszkovszky, and Junior Associate Lilla Julia Toth. Meanwhile, the legal team from Gardos, Mosonyi, Tomori was led by Partners Peter Gardos and Daniel Szabo.
Sectors
- Banking
- Legal Advisory
Geography
- Hungary – The article involves Hungarian entities MagNet Bank and Polgari Bank, indicating the relevance of Hungary.
Industry
- Banking – The article discusses the acquisition of a controlling stake in Polgari Bank, indicating involvement in the Banking Industry.
- Legal Advisory – The firms Oppenheim and Gardos, Mosonyi, Tomori provided legal advice in the transaction, indicating relevance to the Legal Advisory Industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MagNet Bank | Bidding Company/Buyer | Company | MagNet Bank is the buyer acquiring a controlling stake in Polgari Bank. |
| Polgari Bank | Target Company | Company | Polgari Bank is the company being acquired by MagNet Bank. |
| Oppenheim | Legal Advisor | Company | Oppenheim advised MagNet Bank on the acquisition. |
| Gardos, Mosonyi, Tomori | Legal Advisor | Company | Gardos, Mosonyi, Tomori advised the sellers in the transaction. |
| Jozsef Bulcsu Fenyvesi | Partner at Oppenheim | Person | A partner at Oppenheim who was part of the advising team for MagNet Bank. |
| Daniel Szabo | Partner at Gardos, Mosonyi, Tomori | Person | A partner at Gardos, Mosonyi, Tomori who advised the sellers. |