IFLR1000

OTP Bank acquisition of AXA Bank Hungary

3/2/2016
Private acquisition
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Completed

3/2/2016

Overview:

  • OTP Bank has acquired AXA Bank Hungary.
  • The deal includes AXA's retail  and corporate banking arms.
  • AXA has been present in Hungary since 2009.
  • The deal will see OTP increase its mortgage portfolio by 25%.

Sam Duke - Editor

Jurisdiction:

Hungary

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Hungary

Industry sector:

Banking

Firms:
CMS

Party: AXA Bank Europe (Seller)

Martonyi Law Firm

Party: OTP Bank (Acquirer)

Nagy és Trócsányi

Party: OTP Bank (Acquirer)

Lawyer: György Kiszely

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