Asters acted as a legal counsel to Withine Investments LTD (Cyprus), a subsidiary of Smart Holding (one of the largest industrial and investment groups in Ukraine) on the sale of 100% shares in JSC "UNEX BANK" to Dragon Capital Investments Limited (Cyprus) and Ivan Svitek completed on 15 April 2021.
The share purchase agreement of 100% of shares in JSC "UNEX BANK" was signed in December 2020. Financial terms of the transaction are not disclosed.
The legal support of the transaction included, in particular, drafting of the share purchase agreement and other relevant transaction documents, and coordination of the execution and closing procedures.
Asters' Banking & Finance practice team advising on the project included Senior Partner Armen Khachaturyan and Senior Associate Maksym Tereshchuk.
Smart Holding is one of the largest industrial and investment groups in Ukraine. The interests of Smart Holding focus on the industries that are the key ones for the economy of the country. The companies of Smart Holding invest in metals and mining, oil and gas segments, banking sector, agriculture, shipbuilding, and real estate.