NBU Approves Indexbank Acquisition.
15 August 2008
The National Bank of Ukraine (NBU) approved the sale of a 98% stake in Ukraine’s Indexbank to France’s Credit Agricole. In March, 2006 Credit Agricole agreed to pay USD 254 mln for Ukraine’s 23rd largest bank, P/B x 5.5, including a post deal USD 10 mln share emission, making it the most expensive M&A deal in the Ukrainian banking sector.
