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Avellum Advises Saggarco on Acquisition of 99.91% Stake in Marfin Bank from Cyprus Popular Bank

Avellum Advises Saggarco on Acquisition of 99.91% Stake in Marfin Bank from Cyprus Popular Bank

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Avellum has advised Saggarco Ltd on the acquisition of a 99.91% stake in PJSC Marfin Bank from Cyprus Popular Bank Public Co Ltd (“CPB”). DLA Piper reportedly advised the sellers on the deal.

According to Avellum, "CPB, through its subsidiaries, provides banking and financial services to individual and corporate customers in Cyprus, Greece, and internationally. It operates under the regulation and supervision of the Central Bank of Cyprus." The firm also reports that, "Marfin Bank provides full range of banking operations. It covers the main cities of Ukraine and renders services to over 11,000 companies and more than 200,000 individuals."

The Avellum team was led by Managing Partner Mykola Stetsenko and Associate Yuriy Zaremba, with support from Senior Associate Yaroslav Medviedev and Associates Anton Arkhypov, Andrii Gumenchuk, Andriy Romanchuk, Olga Tersina, and Dmytro Tkachuk.

DLA Piper did not reply to our inquiry on the matter.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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