OREANDA-NEWS. December 11, 2012. Belrosbank is a full-service bank founded by Rosbank in 2003. The bank employs 765 people across 29 offices in all regions and major cities of Belarus, and serves more than 100,000 customers. More than 99,99% of shares in Belrosbank belong to JSC Rosbank, which is a part of Societe Generale Group, reported the press-centre of SORAINEN.

It is expected that the deal will be completed by the end of 2012, which requires the approval of the regulating authorities.

This is one of the biggest M&A deals in Belarus in 2012, and is expected to double Alfa-Bank’s assets in Belarus upon completion.

SORAINEN Belarus is a local counsel to Rosbank in this transaction. SORAINEN team assistance included preparation of the data room for legal, financial and tax due diligence and its operational supervision; advice on regulatory and tax aspects of the deal; and the revision of the transaction documents, including the share purchase agreement.

The SORAINEN legal team was led by Maksim Salahub, partner, and Ann Laevskaya, senior associate.