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Baker McKenzie advises First Ukrainian International Bank on a preliminary agreement for the purchase of Idea Bank from Getin Holding

12/ 11/ 2021
  Kyiv, Ukraine, 12 November 2021 — The Kyiv office of Baker McKenzie acted as legal counsel to First Ukrainian International Bank (FUIB) in connection with the structuring, negotiation and entry into a conditional purchase agreement for the shares in Idea Bank (Ukraine) from its sole owner, Polish financial group Getin Holding. If completed, the deal will strengthen FUIBs retail banking business line by the synergy from adding the existing Idea Bank consumer lending business and its digital platform. Partner Viacheslav Yakymchuk and Counsel Andrii Moskalyk led the transaction team. The team also included Associates Hanna Smyrnova and Mariia Gorokh (Banking), Mykyta Stebliuk and Artem Sinelnikov (Corporate), Dmytro Skydan (Intellectual Property), Anna Stepanowa (Employment) and Andrii Levchenko (Real Estate). About FUIB Founded in 1991, First Ukrainian International Bank (FUIB) is the biggest Ukrainian universal bank with private capital. The activities of the bank are focused on commercial, retail and investment banking operations. FUIB provides services for over 1.6 million private clients and 83,000 corporate clients (www.pumb.ua). About Baker McKenzie Baker McKenzie is a transactional powerhouse with over 2,500 deal lawyers and expertise in over 46 countries. We excel in cross-border deals ― over 60% of our deals are multijurisdictional. We are global and local, combining money-market sophistication with local excellence. (www.bakermckenzie.com).

Kyiv, Ukraine, 12 November 2021 — The Kyiv office of Baker McKenzie acted as legal counsel to First Ukrainian International Bank (FUIB) in connection with the structuring, negotiation and entry into a conditional purchase agreement for the shares in Idea Bank (Ukraine) from its sole owner, Polish financial group Getin Holding. If completed, the deal will strengthen FUIB’s retail banking business line by the synergy from adding the existing Idea Bank consumer lending business and its digital platform.

Partner Viacheslav Yakymchuk and Counsel Andrii Moskalyk led the transaction team. The team also included Associates Hanna Smyrnova and Mariia Gorokh (Banking), Mykyta Stebliuk and Artem Sinelnikov (Corporate), Dmytro Skydan (Intellectual Property), Anna Stepanowa (Employment) and Andrii Levchenko (Real Estate).

About FUIB

Founded in 1991, First Ukrainian International Bank (FUIB) is the biggest Ukrainian universal bank with private capital. The activities of the bank are focused on commercial, retail and investment banking operations. FUIB provides services for over 1.6 million private clients and 83,000 corporate clients (www.pumb.ua).

About Baker McKenzie

Baker McKenzie is a transactional powerhouse with over 2,500 deal lawyers and expertise in over 46 countries. We excel in cross-border deals ― over 60% of our deals are multijurisdictional. We are global and local, combining money-market sophistication with local excellence. (www.bakermckenzie.com).

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