Erste Group Withdraws from Ukraine

Published: December 20, 2012; 15:14 · (Vindobona)

Austrian Erste Group enters into an agreement to sell Erste Bank Ukraine.

Erste Group Withdraws from Ukraine / Picture: © Erste Group / Christian Wind

Erste Group has today entered into an agreement with the owners of FIDOBANK, a group of companies ultimately controlled by Oleksandr Adarich, about the sale of its Ukrainian subsidiary, Erste Bank Ukraine, for a cash consideration of USD 83m (about € 63m*). This decision is consistent with Erste Group’s focus on customer business in the Eastern part of the European Union. Erste…

This article includes a total of 231 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Erste Group Withdraws from Ukraine

Austrian Erste Group enters into an agreement to sell Erste Bank Ukraine.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.