Ernst & Young Ukraine in the center of the UkrZaliznytsya audit scandal

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 “Ernst & Young Ukraine in the center of the UkrZaliznytsya audit scandal”

Investment Consulting in Ukraine

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 “Investment Consulting in Ukraine”

Italian Intesa buys Ukrainian Pravex Bank for $750m

pravex_bank_ukraine_logoFollowing 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 “Italian Intesa buys Ukrainian Pravex Bank for $750m”

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.
Continue reading “Foreign bankers enhance Ukraine’s financial market”