Deals & Cases

DZI Group Sale


The firm represented and provided assistance to the DZI Group’s majority owner on the sale of its interest in two major insurance companies (DZI (Life Insurance) and DZI General Insurance) and DZI Bank. The targets were acquired by KBC and EFG Eurbank.

The firm’s team was involved in the vendor due diligence, organizing the buyer due diligence process, transaction negotiations and structuring, and supported the regulatory clearance process for each of the three targets.

In respect of the merger clearance on the acquisition of DZI Bank by EFG Eurobank, Borislav Boyanov & Co. acted as joint counsel to the buyer and the seller for the purposes of obtaining the clearance of the Bulgarian competition authority.