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Whether you are planning a merger as part of your growth strategy, thinking about diversifying into new sectors or looking for new funding options, our experts offer you the right mix of legal and commercial advice. With over 25 years’ experience in Central and Eastern Europe, we are the preferred M&A adviser to corporates and financial institutions, and have topped the deal tables by volume for a number of consecutive years.

With domestic experts and English law practitioners on the ground in 15 offices across the region, we can mobilise international specialist teams quickly to manage your cross-border transactions. In Romania, our top-ranked Corporate/M&A Team advises on the full range of corporate practice areas, with a particular focus on complex cross-border transactions, regularly multinational groups on their acquisitions or divestments in Romania and beyond.

CMS provides ‘outstanding strategic advice’ to a number of international clients such as Orange, AXA and MKB Bank.
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We add value by thinking and acting beyond our traditional role to secure the competitive edge you need in an ever-changing business environment. Whether a global multinational group or a dynamic domestic business, we can deliver a tailored, commercial, cost effective solution for you, covering areas such as M&A, private equity, equity capital markets, outsourcing, group restructuring and privatisations.

Our cross-border teams include experts in sectors such as banking, consumer products, energy, infrastructure, insurance, lifesciences, real estate and construction, technology and media. This means we can save time and money by understanding your specific issues, providing advice within context and pinpointing the commercial issues and risks in your transaction. CMS Romania connects you to the know-how of more than 700 corporate lawyers in over 34 countries worldwide.


CMS advised The Cicor Group on acquisition of Evolution Medtec Srl in Romania
International law firm CMS has advised The Cicor Group (Cicor), one of Europe's fastest-growing developers and manufacturers of high-reliability electronics for the medical, industrial, aerospace and...
CMS advises OTP Group on the sale of OTP Bank Romania to Banca Transilvania
International law firm CMS has advised OTP Group on the binding agreement to sell its stake in OTP Bank Romania S.A. to the local market leader, Banca Transilvania (“BT”), including all its subsidiaries...
Emerging Europe M&A Report 2023/2024
Despite geopolitical tensions, fears of recession and strong inflationary pressures across the EU, as well as the fiscal tightening needed to contain them, M&A in the CEE region has remained reasonably buoyant. Findings from the CMS Emer­ging Europe M&A 2023/24 report, published in cooperation with EMIS, demonstrate the resilience of the Emerging Europe deals market as activity holds firm against a backdrop of geopolitical tensions and strong inflationary pressures. Welcome to the 2023/24 edition of the Emerging Europe report.
CMS advises M Core on EUR 219 million acquisition of 25 retail parks in...
International law firm CMS has advised L&C Properties, part of M Core, one of the UK’s largest, privately held commercial property collectives with combined assets in excess of  EUR 6 billion, on its...
CMS advises Ahold Delhaize on the landmark acquisition of Profi Rom Food...
International law firm CMS has advised Ahold Delhaize (“Ahold Delhaize”) on its agreement to acquire leading Romanian grocery retailer Profi Rom Food S.R.L. (“Profi”) from MidEuropa, in a transaction...
Turning the Corner? CMS European M&A Outlook 2024
We are pleased to share with you the 2024 edition of the European M&A Outlook, published by CMS in association with Mergermarket.
CMS advises Integral Venture Partners on the acquisition of a majority...
International law firm CMS has advised private equity and growth capital investments firm Integral Venture Partners (“Integral”) on entering into a definitive agreement for the acquisition of a majority...
CMS advises on two strategic investments in the Romanian renewable sector
International law firm CMS has advised HELLENiQ Energy Holdings on the acquisition of a 211 MW portfolio of four solar projects developed in Romania by MYTILINEOS Energy & Metals. The agreement marks...
CMS shares ILFR Structured Finance & Securitisation Deal of the Year for...
CMS is delighted to share the honours in the winning entry for the IFLR Europe Award 2023 for “Deal of the Year” in the category of “Structured Finance & Se­cur­it­isa­tion”. The IFLR Europe Awards...
CMS European M&A Study 2023
The CMS Corporate/M&A Group is pleased to launch the 15th edition of the European M&A Study
Emerging Europe M&A Report 2022/2023
The year 2022 started with various challenges, including rising inflation and energy prices. Then the Russian invasion of Ukraine added yet another one. Nonetheless, the M&A market in emerging European countries proved to be extremely resilient. The region saw M&A activity maintain a steady pace, though deal values were notably lower. Also, variations could be observed across territories and sectors. While 2022 brought a unique set of challenges, dealmaking largely compared favourably to pre-pandemic levels.Welcome to the 2022/23 edition of the Emerging Europe report.
Gambling laws in Romania
1. Regulatory framework 1.1 Is there a Gambling Act (or equivalent) in place?     Yes.Gambling in Romania is regulated primarily through Emergency Government Ordinance No. 77/2009 and the Meth­od­o­lo­gic­al...