NEWS (February 8, 2011)

Baker & McKenzie advised on VAB Group sale

Baker & McKenzie acted as legal counsel to TBIF Financial Services B.V. on a capital increase of VAB Bank, a significant Ukrainian bank and a substantial part of the VAB Group, and the subsequent sale of a majority stake in VAB Bank and the companies of the VAB Group to a group of strategic investors.

The deal included charter capital increase of VAB Bank and sale of both existing and newly-issued shares of VAB Bank as well as sale of the companies in VAB Group to a number of strategic investors, and sophisticated management buy-out transaction.

The Baker & McKenzie team was led by partner Ihor Olekhov and included associate Oleksandr Svyryd.

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