Banking
Volksbank of Austria is acquiring one more Ukrainian bank
The Austrian Volksbank International Group (VBI) has announced its plans to acquire one more bank with operations in the Central & Eastern parts of Ukraine. Volksbank earlier acquired Ukraine’s Elektronbank.
Italian Intesa buys Ukrainian Pravex Bank for $750m
Following an attempt of buying another Ukrainian bank, Italy’s Intesa Sanpaolo closed a Feb. 4 deal to buy a 100% stake in Ukraine’s 6th-largest bank, Pravex Bank, for over 500 million euros ($750 million). The acquisition of Pravex by Italy’s 2nd-largest bank is the latest advance by European banking groups into Ukraine, as foreign banks [...]
Ukrsotsbank sold to UniCredit Group of Italy
UniCredit Group, the Italian banking giant, completed its 1.5 billion euro acquisition of a 94.2 percent stake in Ukrsotsbank from Ukrainian billionaire Victor Pinchuk on Jan. 23.
The price paid was a record amount for a Ukrainian bank. The deal is also the most recent in a wave of acquisitions in which European banking groups have [...]
Foreign bankers enhance Ukraine’s financial market
Through a series of merger and acquisition deals launched in 2005, European banking groups bought some of Ukraine??™s most prized banks for top dollar
Through a series of merger and acquisition (M&A) deals launched in 2005, European banking groups bought some of Ukraine??™s most prized banks for top dollar.