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CMS advises VTB Group on the merger of its European operations under a single banking license and on the establishment of VTB Europe SE

28 Feb 2018

Frankfurt/Main - On December 29, 2017, VTB Group completed the realignment of its European operations. VTB Bank (Europe) SE was established through the cross-border merger of VTB Bank (Austria) AG into VTB Bank (Deutschland) AG and the subsequent cross-border merger of VTB Bank (France) SA into VTB Bank (Europe) SE, which now operates under a single banking license.

An international CMS-team led by CMS Germany advised VTB Bank comprehensively on this complex transaction.

The centralization will allow the bank to make its entire product portfolio available to all clients across Europe. In doing so, VTB Group is among the first banks in Europe, and is the first Russian bank, to concentrate its organizational structure in a Societas Europaea (SE).

VTB Bank (Europe) SE is a universal bank with a focus on international clients and with a market capitalization of RUB 658.4 billion (9.6 billion Euro). Its head office is in Frankfurt am Main and a branch will be maintained in Vienna. The Paris office has been closed. VTB Direktbank will continue to be a part of the VTB Bank (Europe) SE.

CMS Germany

Oliver Dreher, Partner, Banking and Capital Markets
Dr Wolfgang Richter, Partner, Corporate, M&A
Andrea München, Partner, Banking Supervisory Law
Dr Oliver Simon, Partner, Labour Law, all Lead Partners
Dr Christoph Schücking, Partner, Banking Supervisory Law
Michael Kamps, Partner, IP/IT Law
Dr Thomas Link, Partner,
Dr Annett Kenk, Counsel, beide Tax Law
Dr Michael Rein, Counsel, Labor Law
Dr Orna von Fürstenberg, Senior Associate, Banking and Capital Markets, Lead Coordination
Ayleen Görisch, Senior Associate, Corporate, M&A
Bastian Bubel, Associate, Banking Supervisory Law
Dafni Ragousa, Banking and Capital Markets

CMS France

Jerome Sutour, Partner, Banking Supervisory Law
Richard Foissac, Partner, Tax Law
Jean-Pierre Sinibaldi, Partner, Labour Law
Henri Bitar, Partner, Tax Law
Benoit Provost, Counsel, Corporate Law
Alexandre Marion, Associate, Banking and Finance, Banking Supervisory Law
Xavier Cambier, Associate, Labour Law
Matthieu Rollin, Associate, Corporate Law
Armelle Abadie, Associate, Tax Law

CMS Austria

Sibylle Novak, Partner, Corporate and Tax Law
Christoph Wolf, Partner, Labour Law
Lena Winkler, Associate, Corporate Law
Eva-Maria Vögerl, Associate, Tax Law
Andrea Potz, Associate, Labour Law
Bernd Fletzberger (Partner, Proksch & Fritzsche Frank Fletzberger Rechtsanwälte), Banking Supervisory Law

VTB Inhouse Legal

Dr Alexander Frey, Member of the Management Board of VTB (Europe) SE
Kai Scholz, Head of Legal, VTB (Europe) SE
Stefan Führer, Head of Legal & Compliance VTB Bank (Europe) SE, Vienna Branch

Matter Type
M&A
Industry
Finance & Banking
News Category
M&A
Banking & Finance