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

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

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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.

Croatian Knowledge Partner

Čipčić-Bragadin Mesić & Associates is one of the leading law firms in Croatia that serve companies, credit & financial institutions and public entities. We have been recommended and recognized as the legal experts and service leaders by many leading international legal guides for more than 15 consecutive years. With roots dating from 1928. we now probably have more tradition, experience and market presence than almost any other law firm in Croatia. We work closely with the leading international law firms and consultants so we’re able to manage complex, cross-border projects and deals seamlessly and successfully. Around 85% of our clients are international enterprises doing business in Croatia. List of our clients include some of the world-renowned companies such as Amazon Europe Core, China Machinery Engineering Corporation, Tate & Lyle, Nafta a.s., Unilever Croatia, Unilever Hungary, Lenovo, Innoenergy CE, Flixmobility, Flixbus CEE South, Okoenergie Group, CTC Holding, Bunge Limited, Chipita, Rolls-Royce, Canvas Holidays, Vacalianselect, Redgate Software, Red gate Investment, Yahoo!, Aston Martin Lagonda, Domino Printing UK, Domino Printing Sciences, Goldman Sachs, Deutsche Bank, Barclays Bank, HSBC, State Street Bank, Citigroup Global Markets, Credit Suisse, Bank of America Merill Lynch, Standard Chartered, Och-Ziff Capital Management, Amundi Asset Management, Altima International, Red Arc Global Investments, SMBC Nikko Capital Partners, Royal Bank of Scotland, Morgan Stanley International, J.P. Morgan group, Allianz Global Investors, Schroders, Macquarie Bank, Digital Finance International, Winton Capital Management, Citibank, Invesco Asset Management Österreich, Croatian Pension Investment Company, Unicredit Bank AG etc. We enjoy learning about our clients’ businesses and want to understand them completely so we can provide the best possible and complete service.

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Firm's website: cipcic-bragadin.com

 

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