CMS has advised Landesbank Baden-Wurttemberg (LBBW) on the sale of its Czech subsidiary, LBBW Bank CZ a.s., to Expobank from Russia.

LBBW Bank CZ is a mid-size universal bank with 18 branches in the Czech Republic. The bank has operated in the market since 1991 and was acquired by LBBW in September 2008. The parties have not announced the purchase price.

The transaction was led by CMS Stuttgart corporate partners Claus Peter Fabian and Thomas Meyding. The team from CMS Prague that advised on the Czech aspects was headed by corporate partner Helen Rodwell and included core members Pavla Kreckova (Partner/Banking & Finance), Lukas Janicek (Partner/Corporate), Mark Segall (Partner/International Banking & Finance), Patrik Przyhoda (Senior Associate/Corporate), Miroslav Kovar (Associate/Banking & Finance) and Pavel Drimal (Junior associate/Corporate).