Latham & Watkins has provided legal counsel to Ardshinbank, a prominent Armenian banking group, in its agreement with HSBC Europe B.V., a subsidiary of HSBC Holdings plc, for the acquisition of HSBC Armenia, a fully owned banking subsidiary. The transaction, subject to regulatory and antitrust approvals, is anticipated to be finalized within the next year.
The acquisition of HSBC Armenia presents Ardshinbank with a strategic opportunity to leverage its operational and financial capabilities. By integrating HSBC Armenia’s high-quality customer base and experienced team of relationship managers and staff, Ardshinbank aims to enhance its market position and service offerings.
The Latham & Watkins team was led by Riyadh partner Edward Kempson (pictured), with London associate Alexander Fedorkov.