Legal advice to Erste Group Bank on a joint venture with Global Payments

Havel, Holásek & Partners successfully represented a major Austrian banking company Erste Group Bank, which also is the parent company of Česká  spořitelna, in negotiations with the European Commission. On 19 April 2016, the Commission approved a transaction resulting in the formation of a joint venture between Erste Group Bank and Global Payments, a leading worldwide provider of payment technology services. The joint venture will provide merchant acquiring in the Czech Republic, Romania and Slovakia.

Last year, Havel, Holásek & Partners advised Raiffeisenbank on a similar matter. The agreements resulted in the formation of a joint venture with EVO Payments which, by means of a new Czech subsidiary REVO, took over all activities relating to payment card acceptance. This transaction also required approval from the European Commission. 

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