NEWS (May 12, 2014)

Vasil Kisil & Partners Advises on Accession of PJSC Fidocombank to PJSC Fidobank

On 30 October 2013 the shareholders of PJSC Fidocombank and PJSC Fidobank approved the accession of PJSC Fidocombank to PJSC Fidobank (two banks controlled by Ukrainian investor Oleksandr Adarich) as a branch. The accession was performed within the course of the integration process commenced after acquisition by the group of companies controlled by Oleksandr Adarich of PJSC Fidocombank (former JSC Erste Bank). Full legal completion of the accession process is expected in the first half of 2014.

Vasil Kisil & Partners acted as a legal adviser to PJSC Fidobank in the course of elaboration of the merger step plan and the draft accession agreement.

The engagement was supported by Maryna Fedorenko, senior associate of Banking and Finance Practice Group, under the supervision of the firm’s partner Yulia Kyrpa.

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