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Latham Advises Ardshinbank on Acquisition of HSBC Armenia

February 6, 2024
Firm represents Armenia’s largest banking group on high-profile acquisition.

Latham & Watkins has advised Ardshinbank, the largest Armenian banking group, on its binding agreement with HSBC Europe B.V., a subsidiary of HSBC Holdings plc, to acquire its fully owned banking subsidiary in Armenia. The transaction is subject to regulatory and antitrust approvals and is expected to close within the next 12 months.

The proposed acquisition of HSBC Armenia is a unique opportunity to build upon Ardshinbank’s operational and financial strengths. The combination aims to add a high-quality customer franchise and a highly experienced team of relationship managers and employees.

The Latham team was led by Riyadh partner Edward Kempson, with London associate Alexander Fedorkov.