Cypriot company to buy Ukrainian bank
2011-08-22 11:48:54
The Antimonopoly Committee of Ukraine (AMCU) has given the green light to F.I. Company Development Progressive Production Ltd (Nicosia, Cyprus) to buy Kyiv-based Bank for Investments and Savings.
This deal will help the Cypriots exceed 50% of the votes in the supreme governing body of the issuer.
In January-June 2011, the Bank for Investments and Savings reported a net profit of UAH 1.823 million (UAH 7.97 / USD 1).