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TAS Group closes deal on purchasing Universal Bank

Greek Eurobank Group sold its subsidiary in Ukraine

TAS Group associated with domestic tycoon Sergey Tigipko closed the deal on acqusition of Universal Bank belonging to Eurobank Group from Greece. The former CEO of the bank Dmitriy Kuzmin has been suspended from management of the bank. Meantime, the acting CEO Roman Gorohovskiy took the office starting December 26. To remind, the Antimonopoly Committee of Ukraine authorized the acquisition in November 2016. After that, the shareholders of the bank issued additional shares worth UAH 445mln (USD 16.5mln). The experts assume that Universal Bank and TAScombank will be merged soon.

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