AGRIF COOPERATIEF U.A. is a fund managed by Incofin Investment Management in Belgium. Incofin Investment Management is an alternative fund manager which are focused on investments in emerging countries and are driven by desire to promote inclusive progress. Leading investors of agRIF Cooperatief U.A  are leading development funds, banks, insurance companies, pension funds, high net worth and retail investors.

With completion of the transaction AGRIF COOPERATIEF U.A acquired from International Finance Corporation and DEG - Deutsche Investitions- und Entwicklungsgesellschaft around 10% stake in the equity capital of Inecobank cjsc of Armenia in May 2018. Inecobank cjsc is one of the leading banks in Armenia and South Caucasus region, focused on individual customers, small and middle market business and large corporations offering a full range solutions.

“We are very

pleased with assistance of Legalata. The team in Legelata has been very

pro-active and available any time of the day working to meet the tight

deadlines for regulatory permits. We are very satisfied with the competence and

polished negotiation skills that Legelata contributed to this transaction:

reiterated Ms. Goedele Van de Plas, Legal Counsel of Incofin Investment

Management.

“Legelata is

traditionally strong in banking and finance transactions with strong emphasis

on M&A and regulatory matters. It is our pleasure to contribute to the

success of AGRIF COOPERATIEF U.A in support of this transaction” stated Gor

Margaryan of Legelata.

The transaction

implied due diligence, including tax due diligence of Inecobank led by partner Alla Hakhnazaryan, obtaining of

regulatory permits for the transaction led by senior associate Arthur Buduryan and contractual

arrangements led by partner Gor

Margaryan.

For more information about the transaction

please click here.