HAVEL & PARTNERS has provided comprehensive legal advice to Raiffeisenbank on the purchase of 100% of the Equa bank shares from AnaCap Financial Partners. The firm’s M&A team that handled the transaction was led by partner Jan Koval, counsel Petr Dohnal and associate Josef Bouchal. The parties have decided not to disclose the value of the transaction.
Completion of the transaction is planned for the end of Q2 2021, as it is subject to regulatory approval. Raiffeisenbank is one of the five largest national banks, which has been providing banking services in the Czech Republic since 1993, and acquired Equa bank from AnaCap Financial Partners, a London-based private financial services investor.
“Raiffeisenbank is a sound, capital-strong and stable financial institution with ambitions to continue to grow, both organically and through acquisitions. The Czech Republic is one of the key markets,” says Igor Vida, Chairman of the Board of Directors and CEO of Raiffeisenbank, about the acquisition.
Equa bank is a Czech bank providing comprehensive services, which primarily focuses on individuals and small-and medium-sized enterprises, with almost half a million customers. In case of the successful completion of the transaction, the plan is to merge Equa bank with Raiffeisenbank, which will enable fulfilling the joint business potential of both banks.