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Israeli Hapoalim Gets Regulatory OK to Acquire Ukrinbank

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.

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