Dentons advised its long-standing client, Expobank, on the successful acquisition of LBBW Bank CZ a.s. from German Landesbank Baden-Wurttemberg (LBBW). The transaction that was originally signed in January 2014 has now closed as scheduled on 1 September 2014.

Dentons team was led from Moscow by partner Alexei Knyazhev and senior associate Vladislav Bromberg and from Prague by partner Petr Kotab and associate Jan Hrivnak, with assistance from Berlin partners Peter Mayer and Hermann Meller, Berlin counsel Daniel Barth and Berlin associates Michael Valentin and Martin Schwenkel.

Expobank is one of the top privately-owned Russian banks with an aggressive M&A profile in the financial sector. The acquisition of LBBW Bank CZ is in line with Expobank’s strategy of building an international financial network with focus on the development of corporate business, trade finance, private banking and other financial services in Russia and Europe.

This deal follows the now extensive track record of Dentons’ assistance to Expobank’s team on their M&A transactions including the acquisition of VR Leasing, West LB, Barclays Bank, Santander Consumer Bank and City Mortgage Bank in Russia.