CMS Bureau Francis Lefebvre and CMS Cameron McKenna have advised AXA on the conclusion of an agreement with OTP Bank Plc to sell its banking activities in Hungary run through the Hungarian branch of AXA Bank Europe.
Completion of the transaction is subject to obtaining the relevant regulatory authorisations and should be finalised during the second semester 2016.
Jean-Robert Bousquet (partner) and Emmanuelle Brunel covered corporate aspects of the deal and Edouard Milhac (partner) covered tax aspects, in collaboration with CMS Cameron McKenna in Hungary with Iván Sefer (partner) and Sándor Kovács covering banking and regulatory aspects, Zoltán Poronyi, corporate aspects and Eszter Kálmán tax aspects.
