* Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a 9.9% stake. Alpha Services and Holdings S.A., 100% parent of Alpha Bank S.A. (“Alpha Bank”), and UniCredit have agreed the key economic terms for the merger of UniCredit Bank S.A. (“UniCredit Bank Romania”) with Alpha Bank Romania S.A (“Alpha Bank Romania”), as part of a broader strategic partnership. Under the terms of the merger, Alpha Bank is expected to retain 9.9% of the combined entity’s share capital and will remain involved in the new combined entity via governance mechanisms including board level representation. Transaction completion is expected in 2024, subject to confirmatory due diligence process, corporate approvals for the merger and all necessary regulatory approvals and consents, including on anti-trust. The transaction will create the third largest bank in the local market in terms of total assets by combining two of the top ten banks in Romania. It brings together two complementary franchises, with UniCredit Bank Romania and Alpha Bank Romania having solid footholds in the corporate and retail segments, creating a major diversified financial institution that will be better positioned to serve its customers and to create new opportunities for growth within the Romanian market. For the first time in Romania, two European banking groups are joining forces in a partnership approach to consolidate the market. This new approach aims to not only support the Romanian economy but also to prioritize the needs of the customers and those communities within which they operate.
Bucharest, 6 August 2026 – Wolf Theiss advised the shareholders of three companies active in the electrical power industry (i) Electroechipament Industrial S.R.L., (ii) Electroechipament S.R.L. and (iii) General Equipment Automation S.R.L., on the sale of their shares to Adrem Group, one of the largest contractors and service providers in the...
The VARD shipyard in Tulcea, eastern Romania, has completed the construction of the hull of “Discovery,” the largest vessel intended for the installation of submarine cables and the first such project delivered by the VARD group for the Japanese market. The ship, valued at over USD 200 million, will have an important role in the […]
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over Dante International of Romania by South African investment fund Naspers Limited. "The Commission concluded that the notified operation does not raise competition concerns, as the companies are not active on the same markets or on markets that are in […]
This August, turn your stay into a journey of complete relaxation at Corinthia Grand Hotel du Boulevard Bucharest, one of Romania's most prestigious luxury hotels. Located in the heart of Bucharest at 21 Regina Elisabeta Boulevard, the hotel revives the elegance of the historic Grand Hôtel du Boulevard, beautifully restored while preserving its Belle Époque […]
European governments allocated an estimated EUR 130.2 billion, or 0.69% of their combined GDP, to research and development in 2025, according to a Eurostat analysis published on Friday, August 7. The sum represents an increase of 2.4% compared to 2024 (EUR 127.14 billion) and an increase of 60.5% compared to 2015 (EUR 81.13 billion). In […]
The European Investment Bank (EIB) is lending EUR 100 million to the leasing subsidiary of BRD Groupe Société Générale to expand financing for businesses in Romania. The goal is to facilitate financing for Romanian SMEs and Mid-Caps, which face greater hurdles in accessing long-term funding than their counterparts in many other European Union countries, EIB […]
