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Sayenko Kharenko Advises BPCE on Acquisition of Majority Stake in Oney Bank and Creation of Joint Venture with Auchan Group

Sayenko Kharenko Advises BPCE on Acquisition of Majority Stake in Oney Bank and Creation of Joint Venture with Auchan Group

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Sayenko Kharenko has acted as Ukrainian legal counsel to Groupe BPCE with respect to its establishment of a long-term partnership with Auchan Holding through the acquisition of a controlling stake in Oney Bank SA.

Groupe BPCE is a banking group in France, while Oney Bank is an international bank that operates in 11 countries and specializes in payment solutions, financing, digital identification, and insurance. .According to Sayenko Kharenko, the acquisition will give BPCE the means to initiate its development in European retail-focused digital banking and consumer finance under the brand name Oney. Meanwhile, Oney Bank will accelerate its growth by leveraging BPCE’s expertise, particularly in the payments area. A majority stake will allow BPCE to set the tone for the overall strategy of Oney Bank’s business. 

The Sayenko Kharenko team was led by Counsel Dmytro Korbut with support from Associates Ilhar Hakhramanov, Oksana Daskaliuk, and Mykola Lykhoglyad and Junior Associate Angelina Danyleiko. The team was supervised by Partner Oleksandr Nikolaichyk.

Sayenko Kharenko did not reply to our inquiries about the deal

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