AIK Banka a.d., Agri Europe Cyprus Limited and Gorenjska banka, d.d. (LJSE:GBKR) signed an agreement to acquire Sberbank Sarajevo, Sberbank Banja Luka, Sberbank, Sberbank Magyarország, Sberbank Srbija and Sberbank banka from Sberbank Europe AG for €500 million on November 3, 2021. The deal will generate proceeds around €500 million, which includes the sale of the shares and the replacement of the funding provided by Sber. The closing of the transaction is subject to approvals by national and international regulators as well as by national competition authorities and is expected to take place in 2022. As on May 2, 2022, the Austrian Financial Market Authority (FMA) approved the sale of the majority of Sberbank Europe AG's portfolio. Sber expects neutral financial result and limited impact on capital adequacy ratios from the deal in consolidated financial statements of the group. Albert Birkner, Martin Eichinger, Volker Glas, Mathias Drescher and Benjamin Twardosz of Cerha Hempel Spiegelfeld Hlawati, Saša Stojanovic, Ðorde Vicic, Anja Tasic, Raško Radovanovic, Živko Kovacevic, Nikola Cincovic and Irina Petrovic of Radovanovic Stojanovic & Partners, Zoltan Nadasdy, Akos Mates-Lanyi, Akos Bajorfi and Szilvia Andriska of Noerr and Partners, Branko Maric, Dijana Ivanovic, Bojana Bošnjak-London, Ezmana Turkovic and Džana Hromic of Maric & Co Law Firm Ltd, Edin Karakaš, Duško Žuric, Andrej Skljarov, Mihovil Granic, Marija Vuchetich and Daniela Mayer of Zuric I Partneri, Vlasta Nadler Maležic and Andrej Toš of Tos & Partners and Ilona Zekely, Roman Malovitsky and Pavel Sadovsky of Egorov Puginsky Afanasiev & Partners.