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4 November 2021

Sayenko Kharenko advised Getin Holding S.A. on the sale of Idea Bank Romania Group to BANCA TRANSILVANIA S.A

Sayenko Kharenko has acted as lead legal counsel to Getin Holding S.A., one of the biggest privately owned Polish financial groups headquartered in Wroclaw, in relation to the sale of 100 per cent of the share capital of the group of Romanian companies operating under IDEA brand: Idea Bank Romania, Idea Investment, Idea Leasing IFN and Idea Broker de Asigurare to Banca Transilvania S.A.

Sayenko Kharenko provided full-scope legal support of the transaction for the seller, including drafting and negotiating transaction documents, deal implementation, pre-closing and assistance during completion meeting in Bucharest.

“As always, Sayenko Kharenko did an incredible work helping us with successful and very smooth completion of this project. We appreciate the dedication of Sayenko Kharenko team and its efficiency”, – comments Mr. Piotr Miałkowski, the Vice-President of the Management Board of Getin Holding S.A.

Partner Alina Plyushch comments: “This transaction is an absolutely unprecedented for Ukrainian legal market since this is the first time when a Ukrainian law firm was engaged as a lead counsel to coordinate the transaction in the banking sector performed on the territory of the European Union. It was an honour for us to assist our long-standing client during the whole transaction process and participate in the physical closing held in Bucharest.”

Getin Holding S.A. is listed on the Warsaw Stock Exchange (sWIG80 Index). It is one of the few Polish financial groups operating on international markets via its subsidiaries. Getin Holding S.A. focuses on investment activity seeking out and implementing projects both in Poland and abroad, particularly in the Eastern and South European markets. The group operates in the broadly understood financial market – in banking, financial intermediation, insurance and leasing sectors.

Banca Transilvania is the largest Romanian bank with over 3.2 million customers, 9,000 employees and 500 units which makes it the largest financial group in the South-Eastern Europe.

Sayenko Kharenko corporate and M&A practice team working on the project was led by senior associate Dmitriy Riabikin, supported by associate Anastasiia Yermolenko. Partner Alina Plyushch supervised the project.

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