Chadbourne & Parke has represented the Bank of Cyprus Public Company on the sale of its Ukrainian subsidiary, PJSC Bank of Cyprus (and associated debt), to Alfa Group, Russia’s largest privately owned banking group, for EUR 202.5 million (USD 280 million).
The transaction was signed on February 5, 2014, and closed on April 17, 2014. Partner Charez Golvala, who led the Chadbourne team, said: “We are delighted to have advised Bank of Cyprus all the way through the sale process and to have helped bring the deal to a successful completion last week.”
The Chadbourne team working on the deal included Charez Golvala, Alexandra Neovius, Nonna Crane, Tetyana Dovgan, Sergiy Onishchenko, Oleksandra Soloviova, Anna Putintseva, Julia Dmitrieva, Olga Vorozhbyt, Anna Iakubenko, Henry Andreae, Peter Weiland, Kevin Atkins, Adam Mycyk, Paul White, Mykola Heletiy and Vitalii Mainarovich from Chadbourne’s London and Kyiv offices.