2 February – LAWFUEL – The Law News Network – Allen & Overy Moscow advised Raiffeisen International Bank-Holding AG (Raiffeisen International) on its acquisition of JSC Impexbank, one of the largest bank networks in Russia, with approximately 190 branches and offices as well as 350 consumer finance outlets. The purchase price is US$550 million.
The transaction is subject to regulatory approval.
Edwin Tham, who led Allen & Overy’s team on the deal, comments: “With this acquisition, Raiffeisen bank will become the largest foreign banking group in Russia.”
Other recent M&A transactions in the banking sector in which Allen & Overy Moscow has been involved include advising BNP Paribas on the acquisition of UkrSibbank and DnB NOR Bank ASA in connection with the acquisition of Monchebank from Rosbank.
The team was led by Edwin Tham (corporate partner). Lisa O’Neill (associate) managed the due diligence process, which was completed in record time under a very demanding timetable. She was assisted by Luke McCarthy (associate), Igor Mazilin (junior associate), Diana Agafonova (junior associate) and Elena Shishmariova (junior associate).