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Denuo advises Samolet on bank acquisition in Russia

press releases
28 / 02 / 2024
Denuo has advised Samolet, one of the largest proptech and real estate development corporations in Russia, on the acquisition of Russian commercial bank Sistema from a private owner. The bank had over RUB1 billion in equity capital at the time of its acquisition.

Denuo provided full legal and regulatory support for the acquisition, including conducting the due diligence of the bank, obtaining prior consent from the Bank of Russia, preparing the sales and purchase agreement and other documents, as well as signing and closing the transaction.

The Moscow-based team included Corporate partner Igor Antonyan, legal director Maria Krugovykh, associate Dmitry Ostrey, as well as Finance legal director Angelika Yakhneva and other lawyers. Maria Krugovykh coordinated the project and led the team on the transaction.

We are very pleased to participate in a transaction that will enable Samolet to expand services aimed at making the lives of their customers more convenient and to quickly launch products that will change the entire real estate market for the better. We are grateful to our client for their trust.

Maria Krugovykh
Maria KrugovykhLegal Director