AEQUO advised Ukrainian Business Group

On  26 August  2015, the Deposit Guarantee Fund and Ukrainian Business Group signed a Share Purchase Agreement for acquisition of 100% of the shares of PJSC RWS Bridge Bank, a bridge bank established on the basis of PJSC Omega Bank, a Ukrainian bank recently declared insolvent. This is the second successful bridge bank acquisition transaction ever implemented in Ukraine. Prior to selling the bridge bank most of the assets of the insolvent bank – in the aggregate amount of UAH 229.1 million – and equal amount of liabilities were transferred to the bridge bank by the DGF. AEQUO provided full legal support to the investor in the course of due diligence of the assets and liabilities of the insolvent bank and their transfer to the bridge bank, and obtaining of the regulatory approvals, as well as supporting the investor in the tender process undertaken by the DGF and assisting with structuring of the transaction and negotiating of the transaction documents with the DGF. The  project team was led by partner Yulia Kyrpa and included senior associates Denys Kulgavyi and Maryna Fedorenko and associates Oleksander Tereshenko, Anton Babak and Yaroslav Lepko.