Sytnyk & Partners has provided Ukrainian law support to Schoenherr in advising Austrian Raiffeisen Bank International AG ("RBI") on the merger with Raiffeisen Zentralbank Österreich AG ("RZB"). The merger represents one of the largest corporate reorganisations in the Austrian banking sector to date, which sees unlisted RZB being merged into listed Central and European banking specialist RBI. Subsequent to the merger, the Raiffeisen Landesbanken (the former majority shareholders of RZB) will hold together 58.8 % of RBI and the rest will be free float. The merger, which was officially completed on 18 March 2017, was aimed at increasing the overall capitalisation of the combined group, improving transparency for all stakeholders by simplifying the group structure, and achieving clearer corporate governance.

"We were challenged by the intricate Ukrainian regulatory aspects of this highly complex transaction. Our long-term history with Schoenherr enabled a smooth and efficient cooperation for the benefit of RBI." commented Denys Sytnyk.

Sytnyk & Partners provided comprehensive financial and stock market regulatory advice.

Sytnyk & Partners’ team was led by Denys Sytnyk, (Partner, Banking & Finance) closely supported by Artem Sokurov (Counsel, Corporate/M&A). The Schoenherr team was led by Peter Feyl (Partner, Banking & Finance) and Roman Perner (Partner, Corporate/M&A).

SYTNYK & PARTNERS, Attorneys at Law, provide its international and local clients with professional, genuine and accurate legal services, including advice in competition, corporate, M&A, banking & finance, CM, real estate & construction, compliance & white-collar crime, dispute resolution, regulatory, employment, insolvency & restructuring, insurance, IP, IT, criminal law and procedure.