Epic Acquires 93% of Ukrtelecom

Businessn.a. ♦ Published: February 15, 2011; 00:01 ♦ (Vindobona)

The Austrian investment company Epic has reached an agreement to acquire 93% of the Ukrainian company for € 1.0bn

Epic Acquires 93% of Ukrtelecom / Picture: © Vindobona.org

The Viennese consulting and investment company Epic LLC, which was the only bidder on the selling process, reached an agreement with the Ukrainian State Property Fund. The price for Ukrtelecom amounts to € 1.0bn.

Thus, the offer given by the Ukrainian government has been accepted by Epic. The sale has not taken place without criticism. Ukrainian investment banks stated that the…