EPIC Completes the Acquisition of UkrTelekom

Published: May 16, 2011; 13:07 · (Vindobona)

The Austrian financial investor purchases 92.79% of the Ukrainian telecommunications company for € 921m.

EPIC Completes the Acquisition of UkrTelekom / Picture: © Flickr

The Viennese investment house EPIC completed the acquisition of Ukrainian UkrTelekom. The financial investor’s Ukrainian subsidiary EPIC Services Ukraine (ESU) paid € 921m for 92.79% of the telecommunications provider. On May 11 ESU took over as the new owner of UkrTelekom. The Bank of Cyprus substantially supported the transaction with a loan, as announced by EPIC on…

This article includes a total of 170 words.

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