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CMS Hasche Sigle advises shareholders of Impexbank on takeover by Raiffeisen International

03/02/2006

An international CMS team under the leadership of Stuttgart partner John Hammond advised the shareholders of the Russian Impexbank on its takeover by the Austrian Raiffeisen International Bank-Holding AG. The volume of the transaction, which is still subject to consent from the Russian Central Bank and the competition authorities in Austria and Russia, is approx. USD 550m.

Impexbank was established in 1993 and focuses on private clients and small and medium-sized companies, which it advises by means of its national network of approximately 190 offices and 350 branches. Raiffeisen International has been represented in Russia since 1997 by ZAO Raiffeisenbank Austria. By acquiring Impexbank, Raiffeisen International has become the largest foreign bank group in Russia.

Legal advice was provided by lead partner John Hammond (corporate), Taras Oksyuk (CMS Hasche Sigle GmbH Moscow, corporate), Stanislav Tourbanov (CMS Bureau Francis Lefebvre Moscow, tax), Peter Huber (CMS Reich-Rohrwig Hainz Vienna, corporate) and Katharina Alscher (CMS Reich-Rohrwig Hainz Vienna, corporate).


Contact CMS Hasche Sigle:

John Hammond
Tel.: +49 (0)711 /9764-754
E-mail: John.Hammond@cms-hs.com


About CMS Hasche Sigle:

CMS Hasche Sigle is one of the leading German law firms with more than 420 lawyers. It covers the entire area of commercial law and provides legal advice to major German and international companies from a wide spectrum of industry. CMS Hasche Sigle operates at all the major business centres. It has offices in Berlin, Cologne, Duesseldorf, Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and Prague.

CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of partners see www.cms-hs.com

CMS Hasche Sigle is a member of CMS, an alliance of leading European law firms. With over 575 partners, a total of 2,000 lawyers and tax consultants and around 3,800 support staff we advise our clients in 24 countries in Europe and further afield on legal and tax issues.

Local strength and legal tax advice tailored to the requirements of the market combined with a substantial amount of business and organisational integration form the basis for high-quality international legal advice.

In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium), CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS Reich-Rohrwig Hainz (Austria). CMS has 57 offices in 24 countries in Western and Central Europe, North and South America, Asia and North Africa.

For further information on CMS Hasche Sigle see www.cms-hs.com and on the CMS alliance see www.cmslegal.com .