MWP is proud to have acted for OTP Bank on the proposed acquisition of a majority shareholding in Unibank
MWP assisted OTP Bank, Hungary’s biggest bank and one of the major banking groups in Central and Eastern Europe, with the due diligence and documentation in relation to the proposed acquisition of a majority shareholding in Unibank Commercial Bank Open Joint-Stock Company (Unibank), the second largest private bank in Azerbaijan.
Unibank operates 23 branches throughout Azerbaijan and is recognised as a market leader in automobile and mortgage lending. Among Unibank’s shareholders are the European Bank for Reconstruction and Development (EBRD) and Deutsche Investitions-und Entwicklungsgesellschaft (DEG) holding 15.2 % and 8.33% of Unibank’s shares respectively.
MWP acted as Azerbaijani legal advisers together with Messrs Andrékó Kinstellar (formerly Andrékó Linklaters) as principal international legal advisers to OTP Bank.
Unibank operates 23 branches throughout Azerbaijan and is recognised as a market leader in automobile and mortgage lending. Among Unibank’s shareholders are the European Bank for Reconstruction and Development (EBRD) and Deutsche Investitions-und Entwicklungsgesellschaft (DEG) holding 15.2 % and 8.33% of Unibank’s shares respectively.
MWP acted as Azerbaijani legal advisers together with Messrs Andrékó Kinstellar (formerly Andrékó Linklaters) as principal international legal advisers to OTP Bank.