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Weil Advises GE on $700 Million Sale of Budapest Bank

Weil advised GE Capital on the sale of its banking subsidiary in Hungary, Budapest Bank Zrt., and its regulated finance subsidiaries to Corvinus Zrt., a company owned by the Hungarian Development Bank, for $700 million. Budapest Bank is Hungary’s eighth-largest credit institution.

The Weil team representing GE Capital included managing partner of the London office Michael Francies and senior consultant Ian Hamilton.