Wolf Theiss advises on the sale of majority shareholding in Fundamenta-Lakáskassza Zrt.

Budapest, 28 March 2024 – Germany's Bausparkasse Schwäbisch Hall AG and Wüstenrot & Württembergische AG, and Bausparkasse Wüstenrot AG of Austria closed their agreement with Hungary’s second-largest lender MBH Bank Plc. for the sale of 76.35% participation in Hungary's market leading home savings bank Fundamenta-Lakáskassza Zrt.


Wolf Theiss acted as Hungarian local counsel to the German and Austrian sellers during the complex transaction which completed on 27 March 2024. Following the transaction Fundamenta will operate as a consolidated subsidiary of the buyer bank, but as an independent entity.

The core Wolf Theiss team advising on the transaction included János Tóth (Partner, Corporate/M&A), Melinda Pelikán (Counsel, Banking & Finance), Kinga Kajcsos (Associate, Corporate/M&A), László Lovas (Associate, Banking & Finance) and Viktória Horváth (Associate, Banking & Finance). Wolf Theiss was tasked with advising on all Hungarian legal and regulatory aspects of the transaction, particularly structuring of the transaction, as well as drafting and negotiating all required transaction documents.

A team from Gleiss Lutz's Munich office acted as lead counsel on the transaction.

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About Wolf Theiss

Founded in 1957, Wolf Theiss is one of the leading law firms in Central, Eastern and South-Eastern Europe (CEE/SEE). We have built our reputation on unrivalled local knowledge which is supported by strong international capabilities. With more than 390 lawyers in 13 countries, over 80% of the firm's work involves cross-border representation of international clients.

Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

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