AIK Banka, Gorenjska Banka and Agri Europe Cyprus Limited sign a share purchase agreement to acquire six subsidiary banks in CEE from Sberbank Europe AG

Radovanović Stojanović & Partners, as lead counsel, advises AIK Banka a.d., Gorenjska Banka d.d. and Agri Europe Cyprus Limited on the acquisition of Sberbank Europe AG’s subsidiary banks in Serbia (Sberbank Srbija a.d. Beograd), Bosnia and Herzegovina (Sberbank BH d.d. Sarajevo and Sberbank a.d. Banja Luka), Croatia (Sberbank d.d.), Hungary (Sberbank Magyarország Zrt.) and Slovenia (Sberbank banka d.d.), with total assets of EUR 7.329 bn, 162 branches and around 600,000 clients (as of YE 2020).

The parties signed the share purchase agreement on 3 November 2021. The 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.

Advisors to Purchasers:

Radovanović Stojanović & Partners (Belgrade, Serbia): Saša Stojanović (Project Leader, Corporate/M&A), Đorđe Vićić (Corporate, Regulatory), Anja Tasić (Competition), Raško Radovanović (Competition), Živko Kovačević (Regulatory), Nikola Cincović (Employment) and Irina Petrović (Regulatory).

CERHA HEMPEL (Vienna, Austria): Albert Birkner, Martin Eichinger, Glas Volker, Benjamin Twardosz.

Noerr (Budapest, Hungary): Zoltan Nadasdy, Akos Mates-Lanyi, Akos Bajorfi, Szilvia Andriska.

Marić & Co (Sarajevo/Banja Luka, Bosnia & Herzegovina): Branko Marić, Dijana Ivanović, Bojana Bošnjak-London, Ezmana Turković, Džana Hromić.

Žurić i Partneri (Zagreb, Croatia): Edin Karakaš, Duško Žurić, Andrej Skljarov, Mihovil Granić, Marija Vuchetich, Daniela Mayer.

Toš & Partners (Ljubljana, Slovenia): Vlasta Nadler Maležič, Andrej Toš.

Egorov Puginsky Afanasiev & Partners (Moscow, Russia): Ilona Zekely, Pavel Sadovsky.