Israeli Hapoalim Gets Regulatory OK to Acquire Ukrinbank
11 March 2008
According to Ukrainian News agency, the Antimonopoly Committee of Ukraine has given permission to Hapoalim Bank, Israel’s second-largest lender, to acquire a 75.8% stake in Ukrinbank (UKIB: BUY). Preliminary agreement on the bank’s sale was announced in December 2007; Hapoalim paid a consideration of USD 136 mln for the stake.
