Aequo acted as a legal advisor to Dragon Capital on the execution of the agreement for acquisition of a stake in Idea Bank JSC (Lviv) from the East European financial group Getin Holding S.A. (Poland).
Working closely with the Dragon Capital team, Aequo provided the client with legal assistance that included legal due diligence of Idea Bank, transaction structuring, preparation and negotiation of the transaction documents, as well as legal advice on the agreement execution procedures.
Idea Bank JSC has been operating in the Ukrainian market since 1989. The bank’s sole shareholder is Getin Holding SA, a financial group whose shares are traded on the Warsaw Stock Exchange. The group includes, among others, banks from Poland, Romania and Belarus.
“We are grateful to Dragon Capital for the unique opportunity to become a part of such a landmark acquisition of the bank, which last occurred on the Ukrainian market in 2016. Aequo is pleased to co-operate with Dragon Capital in the process of this landmark acquisition, which demonstrates a positive trend of the return of interest to the Ukrainian banking market and the banking business as a whole,’’ comments Partner Yulia Kyrpa.