13 November, 2014
Mgaloblishvili Kipiani Dzidziguri (MKD) acted as legal counsel to the European Bank for Reconstruction and Development (EBRD) in the process of selling its shares in JSC TBC Leasing to TBC Bank. The EBRD shares represented 9.94 % of the total capital of TBC Leasing.
EBRD invested in TBC Leasing’s capital in 2006 as a contribution to the growth of the company and had been supporting it as a Development Finance Institution over 8 years since 2006. On November 13th, 2014, TBC Bank acquired EBRD shareholding in TBC Leasing, having signed the respective acquisition agreement.
MKD team led by partner Victor Kipiani and lawyer Giorgi Kankava advised the EBRD on the deal.