Baltic Investment Company (BIC) advised to the international financial group PPF on acquisition of AGROBANK, one of the most dynamically developing Ukrainian banks.

The international consumer finance specialist Home Credit Group, member of international financial group PPF, announced acquisition* of AGROBANK, for an undisclosed consideration. Bank AGROBANK provides its services to retail and corporate clients through a network of 19 branches and 2 representative offices.

The acquisition of a commercial bank and also consumer finance provider PrivatKredit, a leading Ukrainian consumer finance business (transaction announced by PPF on 28/07/2006) creates significant synergies of two robust financial businesses.

BIC provided buy side financial advisory services to PPF. By this transaction, BIC strengthened its leading position in providing M&A advisory services in Ukraine, Russia and the Baltics.

* The acquisition is subject to the approval of Ukrainian Antimonopoly Office, as well as the National Bank of Ukraine.