Salans advised the majority shareholders of PJSC “Kreditprombank” on the sale of shares to Nikolay Lagun, the majority shareholder of PJSC “Delta Bank”.

The Salans team in this project was led by Natalia Selyakova (Partner, Kyiv) and Zarko Iankov (Partner, London) with key support from Nikolay Zhovner (Associate, Kyiv), Denys Kulgavyi (Associate, Kyiv), and Yaroslav Malomuzh (Associate, Kyiv) assisting the clients in preparation of the transaction documentation.

Natalia Selyakova commented: “We were previously involved in the restructuring of Kreditprombank’s debt. The experience and knowledge we gained over the course of the restructuring contributed to the successful closing of this transaction. The simultaneous sale of 100% shares in the Bank by several shareholders and assignment of debt was well coordinated. We appreciate the cooperation of the parties involved; and we also greatly appreciate the trust of our clients.”