REUTERS
The Swiss investor will become a majority shareholder in Bank Lviv after the purchase of a new issue of shares.
Swiss-based asset management company responsAbility Participations AG has acquired a 40% stake in Ukraine's Bank Lviv, which ranked 42nd in terms of assets among 82 banks operating in Ukraine as of August 1.
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The bank's controlling stake remains in the ownership of Margeir Pétursson, an investor from Iceland, the banks' press service said. However, the Swiss investor will buy shares of a new issue and become a majority shareholder in the bank with a 51% stake.
responsAbility manages assets worth over US$3 billion in 90 countries around the world. The company's offices are located in Zurich and Geneva, as well as in the European Union states, China, India, Africa, and Latin America. responsAbility invests in highly efficient companies engaged in energy, agriculture and finance.
As reported, Bank Lviv is the Swiss company's first investment project in Ukraine.
UNIAN memo. Bank Lviv (located in the city of Lviv, western Ukraine) has been operating on the Ukrainian market since 1990. As of August 1, the bank ranked 42nd in terms of assets among 82 banks operating in the country.