Baker & McKenzie advised Eurobank Ergasias

Baker & McKenzie acted as English and Ukrainian law counsel to Eurobank Ergasias S.A. in connection with entry into agreements with entities of the Ukrainian Delta Bank Group for the disposal of its Ukrainian subsidiary, PJSC Universal Bank and the transfer of certain Ukrainian assets for a total consideration of  EUR 95 million. The transaction is expected to close within 2014 and is subject to customary conditions for this type of transactions and the necessary approvals by the competent authorities.

The firm’s team was led by Kiev partner Ihor Olekhov with support from senior associate Andriy Nikiforov and associates Maksym Hlotov, Victoria Ischenko and Ganna Smyrnova, and with participation of the London partner, Gordon Low, and other professionals of the Kiev and London offices.