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National Bank of Ukraine Approves Acquisitions of Ukrsotsbank and Forum

National Bank of Ukraine Approves Acquisitions of Ukrsotsbank and Forum

28 November 2008

The National Bank of Ukraine has allowed Italian UniCredit Group to acquire a 95% stake in Ukrsotsbank (USCB: HOLD) and gave German Commerzbank permission to buy a 60%+1 stake in Forum Bank (FORM: BUY). Alexander Kireev, director of the NBU’s banking supervison division said that both permissions were preliminary.

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