AVELLUM Advises UniCredit on Disposal of Shares in PJSC “Ukrsotsbank” in Favour of ABH Holdings S.A.
Kyiv, 7 November 2016 – AVELLUM advised UniCredit Group (“UCG”) on Ukrainian law matters in connection with the disposal of 99.9% shares in PJSC “Ukrsotsbank”, an asset of UCG in Ukraine, in exchange for a minority stake (9.9%) in ABH Holdings S.A.
As a result of this deal, UCG became a minority shareholder of ABH Holdings S.A., an investment holding company of the banking group of Alfa-Group, headquartered in Luxembourg.
Linklaters advised UCG on English law matters, while Rothschild and UniCredit Corporate & Investment Banking acted as the financial advisers of UCG on this transaction.
PJSC “Ukrsotsbank” is one of the largest multifunctional banks in Ukraine with the network of 237 retail branches.
UCG is a leading European commercial banking group with an international network spanning 50 markets. UCG operates in 17 European countries.
AVELLUM team working on this project was led by a Counsel, Yuriy Nechayev, with the significant support from an Associate, Andriy Romanchuk, under the supervision of the Managing Partner, Mykola Stetsenko. Additionally, Vadim Medvedev, a Senior Associate, advised on tax law matters, Yaroslav Medvediev, an Associate, advised on antitrust matters, and Yuriy Zaremba, an Associate, advised on real estate and labour law matters.