PRESS RELEASE
October 23, 2012

In September 2012 Astra Bank has successfully completed acquisition of its headquartes’ building and land it is located on. Astra Bank is a member of Alpha Bank Group Greece, one of the leading banking and financial groups in Greece and Southeastern Europe. The three-story building with the area of 2,571.3 m2 located on Heroyiv Stalingradu Avenue in the City of Kyiv was purchased from a company controlled by the previous shareholders of the bank. In addition to the headquarters’ building, the bank has also acquired a land plot of 0.2280 hectares, on which the building is located. For this purpose the seller has first acquired the land plot of municipal domain in lease, and then purchased it in ownership. The total purchase price of the transaction reached approximately 5 million U.S. dollars.

The transaction was structured in a number of contracts drafted by Vasil Kisil & Partners law firm. The firm's lawyers have also advised Astra Bank on all legal matters in connection with the acquisition of the said assets, the allocation of the municipal land plot to the seller for its further resale to the bank, tax structuring of the transaction, and negotiating all transaction-related documents between the parties.

VKP’s Real Estate team in charge of this mandate included Senior Associate Vladimir Igonin supervised by Partners of the firm Alexander Borodkin and Oleg Alyoshin.

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For more details please contact Yuliya Chervonookaya,
Head of PR/BD Department
Tel.: +380 44 581 7777
E-mail: pr@vkp.kiev.ua
About the Firm
Established in 1992, Vasil Kisil & Partners is a Ukrainian law firm that delivers integrated legal advice in banking & finance, mergers & acquisitions, capital markets, antitrust, competition and trade, dispute resolution, tax law, energy and natural resources law, intellectual property law, labor and employment law, real estate and construction law, as well as PPP, concessions and infrastructure law.

The firm`s clients include such world-known companies as Alpcot Agro, Africa-Israel Group, Astellas Pharma, BASF, Bayer Consumer, BNP Paribas, British American Tobacco, Central European Media Enterprises, Coca Cola, Credit Agricole Group, Danone, Dell Inc., DuPont, Energy Standard Group, Eurosport, Google, IKB Deutsche Industriebank, LG Electronics, Leroy Merlin Ukraine, Lukoil, Metso Automation Oy, Moody’s, Mott MacDonald Limited, NCH Capital, Novacke chemicke zavody, Opel, Philips, Pioneer, Red Bull, Russian Standard Bank, St. Sophia Homes, SEB AB, SEB Group, Swedbank AB, Seven Hills, Shell, Standard Charted Bank, Tchibo, UniCredit Group, Vanco International / Vanco Energy, Volkswagen, VympelCom, YouTube.