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CERHA HEMPEL advises AIK Banka Gorenjska Banka and Agri Europe Cyprus in the Acquisitions of certain SBERBANK CEE Banks

CERHA HEMPEL Rechtsanwälte GmbH has advised AIK Banka a.d., Gorenjska Banka d.d. and Agri Europe Cyprus Limited as purchasers on the acquisition of Sberbank Europe AG’s shares in Sberbank Srbija d.d. (Serbia), Sberbank Banka d.d. (Slovenia), Sberbank BH d.d. Sarajevo (Bosnia & Herzegovina), Sberbank a.d. Banja Luka (Bosnia & Herzegovina), Sberbank d.d. (Croatia) and Sberbank Magyarország Zrt. (Hungary).

CERHA HEMPEL Rechtsanwälte GmbH has advised AIK Banka a.d., Gorenjska Banka d.d. and Agri Europe Cyprus Limited as purchasers on the acquisition of Sberbank Europe AG’s shares in Sberbank Srbija d.d. (Serbia), Sberbank Banka d.d. (Slovenia), Sberbank BH d.d. Sarajevo (Bosnia & Herzegovina), Sberbank a.d. Banja Luka (Bosnia & Herzegovina), Sberbank d.d. (Croatia) and Sberbank Magyarország Zrt. (Hungary). The target banks hold totals assets of EUR 7.329bn, run 162 branches in the aggregate and approximately serve 600,000 clients (as of YE2020).

The parties signed the share purchase agreement on 3 November 2021. Closing of the transaction is subject to approvals by national and international regulators as well as by national competition authorities and is expected to take place in 2022.

The target banks belonging to the Sberbank Group will further complement Purchasers’ Group and will further foster the growth of the group.

Advisors to Purchasers

Lead counsels

CERHA HEMPEL (Vienna, Austria): Albert Birkner (Corporate, M&A), Martin Eichinger (Corporate, M&A), Volker Glas (Banking&Finance), Mathias Drescher (Banking&Finance), Benjamin Twardosz (Tax).

Radovanović Stojanović & Partners (Belgrade, Serbia): Saša Stojanović (Project Leader, Corporate/M&A), Đorđe Vićić (Corporate, Regulatory), Anja Tasić (Competition), Raško Radovanović (Competition), Živko Kovačević (Corporate, Regulatory), Nikola Cincović (Employment) and Irina Petrović (Corporate, Regulatory).

Local Counsels

Noerr (Budapest, Hungary): Zoltan Nadasdy, Akos Mates-Lanyi, Akos Bajorfi, Szilvia Andriska.

Marić & Co (Sarajevo/Banja Luka, Bosnia & Herzegovina): Branko Marić, Dijana Ivanović, Bojana Bošnjak-London, Ezmana Turković, Džana Hromić.

Žurić i Partneri (Zagreb, Croatia): Edin Karakaš, Duško Žurić, Andrej Skljarov, Mihovil Granić, Marija Vuchetich, Daniela Mayer.

Toš & Partners (Ljubljana, Slovenia): Vlasta Nadler Maležič, Andrej Toš.

Egorov Puginsky Afanasiev & Partners (Moscow, Russia): Ilona Zekely (Corporate, M&A), Roman Malovitsky (Banking&Finance), Pavel Sadovsky (IP).