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MKD's transaction team was led by Victor Kipiani, who was assisted by Giorgi Kankava. Xinjiang Hualing Industry and Trade Group which has a greatly diversified business, becomes the first privately owned Chinese group to buy a foreign commercial bank in Georgia. This acquisition represents a significant step towards diversification and expanding business overseas, including the financial sector, by the Chinese conglomerate.
“We are very proud to act as counsel in such a transaction. This deal demonstrates that the local finance industry provides large foreign actors with good investment opportunities and, hope, this trend would be sustained“, said Victor Kipiani, partner at MKD.
