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Sayenko Kharenko has acted as legal counsel to Getin Holding S.A. in the preparation, negotiation, and execution of a sale and purchase agreement in relation to the sale of a 100 per cent stake in “Idea Bank” JSC (Ukraine) to the First Ukrainian International Bank JSC (FUIB).
Idea Bank JSC provides services to individual clients and small and medium-sized companies since 1989. It offers loans, deposits, payment and credit cards, as well as several cash and settlement services and bancassurance products.
Sayenko Kharenko provided overall legal support to the seller with drafting and negotiating of transaction documents and assisted during their execution by the parties.
“We are pleased once again that we could rely on the legal expertise of Sayenko Kharenko in our strategic M&A project. We appreciate their professional approach and dedication in supporting our company in this significant transaction,” comments Mr. Piotr Kaczmarek, the President of the Management Board of Getin Holding S.A.
Partner Alina Plyushch comments: “Following our legal assistance in the course of sale by Getin Holding of Idea Bank Belarus and Idea Bank Romania Group earlier this year, we are honoured to further cooperate with Getin Holding and to provide legal support here in Ukraine. We are proud to be a part of this outstanding and very challenging transaction!”
Getin Holding S.A. is listed on the Warsaw Stock Exchange (sWIG80 Index). It is one of the few Polish financial groups operating on international markets via its subsidiaries. Getin Holding S.A. focuses on investment activity seeking out and implementing projects both in Poland and abroad, particularly in the Eastern and South European markets. The group operates in the banking, financial intermediation, insurance, and leasing sectors.
The First Ukrainian International Bank (FUIB) is one of the biggest Ukrainian universal banks with private capital. The activities of the bank are focused on commercial, retail, and investment banking operations. The Bank provides services to over 1.6 million private clients and 83,000 corporate clients.
The Sayenko Kharenko corporate and M&A practice team working on the project was led by senior associate Dmitriy Riabikin supported by senior associate Mykhailo Grynyshyn and associate Anastasiia Yermolenko. Partner Alina Plyushch supervised the project.
November 2021, Ukraine