Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has assisted J.C. Flowers & Co. in finalizing the sale of First Bank to Italian group Intesa, thus marking the exit of the US private equity fund from Romania.
Romanian real estate developer Impact (IMP.RO) said Monday it has signed two mortgage loan agreements with lender First Bank, consisting of EUR5.92 million for properties and RON4.5 million for VAT financing.