CMS advises mBank on the sale of Transfinance
26.01.2015Company: CMS
Law firm CMS has advised the Polish bank mBank on the sale of its 100% stake in the factoring business TRANSFINANCE a.s. to UniCredit Bank. mBank will remain present in the Czech Republic focusing exclusively on its retail activities.
TRANSFINANCE provides working capital finance for small and medium enterprises in the form of factoring of domestic and foreign receivables. It was the first specialised factoring company in the Czech Republic and was founded in 1991.
The CMS team was led by Patrik Przyhoda and included, among others, Lucie Hallóová, Lukáš Valúšek and Pavel Dřímal.
