28
Thu, Mar
72 New Articles

Radovanovic Stojanovic & Partners, Cerha Hempel, and Noerr Advise on Sberbank CEE Sale

Radovanovic Stojanovic & Partners, Cerha Hempel, and Noerr Advise on Sberbank CEE Sale

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Radovanovic Stojanovic & Partners and Cerha Hempel have advised AIK Banka, Gorenjska Banka, and Agri Europe Cyprus on their acquisition of Sberbank Europe’s shares in six CEE banks. Noerr advised the buyers on Hungarian law, while Maric & Co, Zuric and Partners, Tos & Partners, and Egorov Puginsky Afanasiev & Partners reportedly advised the buyers on Bosnian, Croatian, Slovenian, and Russian matters, respectively.

The transaction included Sberbank Europe AG’s shares in Sberbank Srbija (Serbia), Sberbank Banka (Slovenia), Sberbank BH Sarajevo (Bosnia & Herzegovina), Sberbank Banja Luka (Bosnia & Herzegovina), Sberbank (Croatia), and Sberbank Magyarorszag (Hungary). The target banks hold total assets of EUR 7.329 billion, operate 162 branches in aggregate, and serve approximately 600,000 clients, as of the end of 2020.

According to Cerha Hempel, “the parties signed the share purchase agreement on November 3, 2021. Closing of the transaction is subject to approvals by national and international regulators as well as by national competition authorities and is expected to take place in 2022.”

Radovanovic Stojanovic & Partners’ team included Partners Sasa Stojanovic, Rasko Radovanovic, Anja Tasic, and Nikola Cincovic, Attorney Djordje Vicic, and Associates Zivko Kovacevic and Irina Petrovic.

Cerha Hempel’s team included Partners Albert Birkner, Benjamin Twardosz, and Volker Glas, Senior Associate Martin Eichinger, and Associate Mathias Drescher.

Noerr’s team included Partner Zoltan Nadasdy, Senior Counsel Peter Stauber, Counsels Akos Mates-Lanyi and Akos Bajorfi, and Lawyer Szilvia Andriska.

Editor's Note: After this article was published, Freshfields Bruckhaus Deringer announced that it had advised Sberbank on the deal. The firm's team included Moscow-based Partner Mikhail Loktionov and Associate Roman Prudentov and Vienna-based Partners Farid Sigari-Majd and Florian Klimscha, Principal Associates Daniel Lungenschmid, Katharina Kubik, and Eric Leikin, and Associates Maria Tumpel and Maximilian Hohenauer.

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

Firm's website.

Our Latest Issue