Linklaters has advised UniCredit Group on its sale of UkrSotsBank to Alfa Group's ABH Holdings, a privately owned Luxembourg-based holding company for banking activities in the CIS.   As part of the deal, UniCredit Group will contribute its shares in UkrSotsBank to ABH Holdings in exchange for newly issued shares representing a 9.9% stake of ABH Holdings post transaction. Closing of the transaction requires regulatory approvals and is expected to take place in 2016.

The Linklaters team was led by corporate partner Daniel Cousens, with corporate associate Pavlos Kaimakliotis, , both based in Linklaters’ Warsaw office.

Daniel Cousens said:

“This is another landmark transaction for the CIS region on which our Warsaw-based team has successfully advised.”