NEWS (June 14, 2013)

Sayenko Kharenko – legal counsel on the acquisition of ING’s securities and custody services business by Citibank

Sayenko Kharenko acted as Ukrainian legal counsel to Citibank on the acquisition of the ING’s securities and custody services business in seven Central and Eastern European markets currently representing EUR 110 billion in assets under custody.

The transaction includes ING’s local custody and securities services businesses in Russia, Ukraine, Bulgaria, the Czech Republic, Hungary, Romania, and Slovakia.

The acquisition enables Citi to offer investors, intermediaries and issuers comprehensive securities services in the region through a strengthened country presence combined with access to Citi’s global banking network.

Sayenko Kharenko’s team included senior associate Iryna Bakina and was led by partners Nazar Chernyavsky and Vladimir Sayenko, counsel Dmitry Taranyk providing legal advice on antitrust issues.

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