Public Joint Stock Company Fidobank entered into an agreement to acquire Erste Bank Ukraine from Erste Group Bank AG (WBAG:EBS) for $83 million on December 20, 2012. The transaction is subject to approval of Antimonopoly Committee of Ukraine, National Bank of Ukraine and Finanzmarktaufsicht in Austria and is expected to close during the course of 2013. HSBC acted as financial advisor and Ihor Olekhov, Gordon Low, Oleksandr Svyryd and Victoria Ischenko of Baker & McKenzie acted as legal advisor for Erste Group Bank AG.

Gareth Irving and Philipp Wahl of Allen & Overy acted as legal advisors for owners of Fidobank. Yulia S. Kyrpa, Dmitriy S. Boyko, Kseniya V. Ostrovska and Maryna O. Fedorenko of asil Kisil & Partners acted as legal advisors, Acoro Capital Partners LLP and PJSC Deloitte & Touche USC acted as financial advisors to Public Joint Stock Company Fidobank.