GE Capital - Sale of GE Money Bank Latvia

  • 28 June 2011

Slaughter and May is advising GE Capital, the financial services division of GE, on an agreement to sell GE Money Bank Latvia, GE Money Atklatais Pensiju Fonds and GE Money Asset Management to Russian financial services provider, Otkritie Financial Corporation.

This transaction is subject to all necessary regulatory approvals. It is expected to close in the next few months.

The agreement was announced on 28 June 2011.

Latvian lawyers LAWIN are advising on Latvian law elements.




Mark Zerdin (partner), Sarah Ullathorne (associate), Hon Weng Wong (associate), Andrew Stevens (associate), Giles Lawson (associate); IP/IT: David Ives (partner), Hardip Dhesi (associate), Wen Zhao (associate); Tax: Gareth Miles (partner), Shofiqur Miah (associate)

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