A cross-border team composed of lawyers from our Almaty, Moscow and St Petersburg offices, helped Kazakh client Eurasian Bank, sign an SPA for the acquisition of 100% of the shares in Russian Troika Dialog Bank. Eurasian hopes to complete the deal first quarter 2010, subject to obtaining the relevant regulatory approvals.
The transaction team was jointly supervised by partners Abai Shaikenov and Tim Stubbs. Senior associate Graham Conlon and associate Vladislav Bromberg did the ‘heavy lifting’ on the transaction. Associate Varvara Runova led legal due diligence and advised on Russian regulatory issues, assisted principally by associates Elizabeth Wallace, Nadezhda Gryazeva, Andrey Kiryanov, Maria Landau and Tatiana Nikiforova.
"This marks an important transaction for Eurasian Bank as it expands (its) regional footprint and platform," said CEO Michael Eggleton. "The acquisition will enable the Bank to benefit from the cross-border trade and investment flows between Russia and Kazakhstan."
Salans’ Almaty partner Abai Shaikenov added, “Once again, Salans demonstrated its cross-border capabilities in advising on complex Kazakh, Russian and English law issues in a very short time frame. In this type of deal it goes without saying that you have to understand how all these different laws work, but most importantly, you need to find quick, practical and effective solutions. I am delighted we got there. We look forward to helping Eurasian close the deal and grow their business.”
Contacts
Tim Stubbs
Partner - Moscow
Tel.: +7 495 644 0500
E-mail: tstubbs@salans.com
Jeff Naqvi
Global Deputy CMO
Tel.: +44 207 429 6000
E-mail: jnaqvi@salans.com