Kyiv—Dentons’ Kyiv office acted as legal counsel to Ingenico Group, the global leader in seamless payment, on the acquisition of the payment activities business of Bancomzvjazok JSC (BKC) through the purchase of 100 percent of the shares in a newly created legal entity "SST" (Systems of Secure Transactions).

BKC has been a partner and distributor of Ingenico Group in Ukraine since 1997.  The transaction involved the carve-out of BKC’s payment activities business unit to SST.

The deal will expand France-based Ingenico’s footprint in Ukraine.  With 40 employees, SST brings extensive knowledge of the local market and strong relationships with leading Ukrainian banks. SST also provides software development services to various entities within Ingenico Group in Eastern Europe, Western Europe, and Africa.

Dentons’ team was led by partner Adam Mycyk, with significant assistance from senior associates Anna Tkachenko and Nikolay Zhovner, as well as partner Volodymyr Monastyrskyy.  Other associates involved in the transaction included Borys Schwarzer, Oksana Horban and Roman Mehedenyuk.