Russia’s Alfa Group may purchase UniCredit Bank / business.ua
UniCredit Bank Austria increased its stake in the capital of UniCredit Bank, one of Ukraine’s largest banks, from 37.36% to 80.02% according to the data posted by the Bank in the system of info disclosure of the National Commission on Securities and Stock Market.
At the same time, two other shareholders reduced their stakes. Ferrotrade International - from 35,58% to 11,35% and UniCredit S.p.A. - from 26.48% to 8.44%.
As UNIAN reported earlier, the Luxembourg-based Alfa Group holding company ABH Holdings SA (ABHH) entered into exclusive talks with the UniCredit Group on the acquisition of the group’s Ukrainian subsidiary - UniCredit Bank (Ukrsotsbank).
Read alsoBank Austria H1 profit affected by UkraineUniCredit Bank is a combined structure formed with the merger of UniCredit Group subsidiaries in Ukraine: UniCredit Bank and Ukrsotsbank. In December 2013, the process of integration was completed. The bank has been continuing its work under the name of UniCredit Bank, being one of Ukraine’s largest financial institutions in terms of assets.
Investment holding company ABH Holdings SA (ABHH) headquartered in Luxembourg is represented in Ukraine by the subsidiary Alfa-Bank (Ukraine), also one of Ukraine’s largest financial institutions in terms of assets.