Eurobank Ergasias S.A. sells Universal Bank to TAS Group

Baker McKenzie’s Kiev office advised Eurobank Ergasias S.A., one of the largest banks in Greece, on the sale of its Ukrainian subsidiary, Universal Bank, to one of the fastest-growing financial and industrial groups in Ukraine, TAS Group, owned by Ukrainian businessman Sergiy Tigipko. The transaction follows Eurobank's strategic plan to focus on core markets where they have an existing significant presence.
Baker McKenzie’s Kiev team working on this transaction was led by partner Ihor Olekhov, with key input from senior associate Andrii Moskalyk and associates Bogdan Dyakovych, Stepanyda Badovska, Alyona Furda and Olena Serpukhovitina.