Deutsche Bank officially opened a new subsidiary in Ukraine. By opening Joint Stock Company (OJSC) Deutsche Bank DBU, based in Kiev, the German bank is planning to strengthen its position in Central and Eastern Europe. Continue reading
ING Bank of the Netherlands has announced its plans to separate its banking and insurance businesses, sell off 8 million EUR worth of assets and pull out of Ukraine where it started its banking operations in the spring of 2008. Continue reading
According to Nikolay Sivulskiy, the Head of the State Audit Department, his agency has requested authorities to deprive Ernst & Young Ukraine company of the due diligence and valuation? practice for its incompetent analysis and valuation of the UkrZaliznytsya assets. Continue reading
Ukraine offers a wide range of investment opportunities across industries and throughout the vast territory of slightly larger than France with a dynamically growing market of almost 50 million consumers. To explore the investment projects, evaluate assets, assess tax and logistical issues, draw legal basis for your Ukrainian market strategy, investment consulting services can provide you efficient shortcuts to successful venture development. Continue reading
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. Continue reading
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 have increased their market share in the past 3 yrs. Continue reading
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 January 23.
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.