Getin Holding Finalizes Sale of Idea Bank Ukraine to TAS Group
Deal News | May 06, 2025 | CEE Legal Matters
The transaction between Getin Holding, a Polish financial group listed on the Warsaw Stock Exchange, and TAS Group, a Ukrainian financial and industrial conglomerate, has reached closure with the sale of JSC Idea Bank. This strategic divestment involved legal advisory from the law firm Sayenko Kharenko. With its establishment in 1998, TAS Group engages in a variety of sectors, including banking, insurance, logistics, leasing, property development, and venture projects. Getin Holding, known for its investment activities, enlisted Sayenko Kharenko to facilitate the sale. The legal team was comprised of experienced partners and associates, ensuring a smooth transaction process. This acquisition strengthens TAS Group's presence in the Ukrainian financial market.
Sectors
- Financial Services
- Legal Advisory
Geography
- Poland – Getin Holding is a Polish company listed on the Warsaw Stock Exchange.
- Ukraine – TAS Group is a Ukrainian conglomerate, and Idea Bank Ukraine operates within the country.
Industry
- Financial Services – Both Getin Holding and TAS Group operate within the financial services industry, with activities spanning banking and investment.
- Legal Advisory – The involvement of Sayenko Kharenko highlights the legal advisory sector's role in M&A transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Getin Holding | Selling Company | Company | A Polish financial group listed on the Warsaw Stock Exchange. |
| TAS Group | Bidding Company | Company | A Ukrainian financial and industrial conglomerate established in 1998. |
| JSC Idea Bank | Target Company | Company | A Ukrainian bank that has been sold by Getin Holding to TAS Group. |
| Sayenko Kharenko | Legal Advisor | Company | A legal firm advising Getin Holding on the sale of Idea Bank. |