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Press Release Press Release

RBI successfully closes sale of its Bulgarian business with legal advice from Wolf Theiss

Wolf Theiss advised Raiffeisen Bank International AG (RBI) on the sale of Raiffeisenbank (Bulgaria) EAD to KBC Bank NV for EUR 1,009 billion. The deal, initiated in November 2021, has now been formally closed following the completion of all regulatory and merger control requirements.


The sale agreement comprises RBI´s Bulgarian banking operations and also includes Raiffeisenbank Bulgaria’s wholly-owned subsidiaries Raiffeisen Leasing Bulgaria, Raiffeisen Asset Management (Bulgaria), Raiffeisen Insurance Broker (serving Raiffeisenbank Bulgaria’s leasing and corporate clients) and Raiffeisen Service.


The initial agreement between RBI and Belgium-based KBC on the disposal of 100 per cent of the shares in Raiffeisenbank Bulgaria was reached in November 2021.

“This deal is a landmark transaction for our client, RBI. The collaboration between RBI and our cross-border team of experts showcases the financial sector expertise and advisory strength of Wolf Theiss in CEE”

Andrea Gritsch, Managing Partner


The team led by Andrea Gritsch and Zeno Grabmayr (Banking M&A Vienna) included Claus Schneider (Banking & Finance Vienna), Richard Clegg and Katerina Kraeva (Banking & Finance Sofia) together with team members from our Bulgarian and Vienna offices: Ivan Ivanov (Trainee), Miroslav Yonov (Trainee), Talliya Romanova (Trainee), Kalina Pangeva (Trainee), Boryana Filimonova (Associate), Kristian Yabalkarov (Associate), Staniella Todorova (Associate), Boyanka Hristova (Associate), Teodor Toshev (Associate), Bisera Petrovska (Associate), Rupert Dinhobl (Associate), Yanitsa Radeva (Senior Associate), Zhulieta Markova (Senior Associ-ate), Irina Dekova (Consultant), Katerina Novakova (Counsel), Oleg Temnikov (Counsel), Hristina Dzhevlekova (Counsel), Eva Stadler (Counsel), Anna Rizova (Partner), Robert Wagner (Partner), Roland Marko (Partner) and Ralf Peschek (Partner).

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