A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
Shearman & Sterling is advising BNP Paribas Personal Finance, a leading European consumer finance group, in connection with the sale of BNP Paribas Personal Finance Bulgaria...
United States
Shearman & Sterling is advising BNP Paribas Personal
Finance, a leading European consumer finance group, in connection
with the sale of BNP Paribas Personal Finance Bulgaria to Eurobank
Bulgaria AD, the subsidiary in Bulgaria of Eurobank Ergasias
Services and Holdings S.A. - an entity listed on the Athens Stock
Exchange, which ranks #1 among Greek banks in terms of market
capitalization.
Since 2007, BNP Paribas Personal Finance has developed a strong
presence in the Bulgarian consumer finance market. BNP Paribas
Personal Finance Bulgaria operates through a network of 44
branches. As of end of September 2022, the business had total
assets of €450mn and deposits close to €100mn, and showed
strong profitability.
This transaction strengthens Eurobank Bulgaria AD's position
in the Bulgarian retail sector, while it also provides significant
opportunities for cross-selling, given BNP Paribas Personal Finance
Bulgaria's clientele.
The transaction is subject to the consultation with the relevant
employee representative bodies at BNP Paribas Personal Finance. It
is expected to be completed during the first semester of 2023
subject to approvals by all competent regulatory and antitrust
authorities.
A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
