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Raiffeisen buys 93.5% stake in Aval to create Ukraine's No. 1 bank
Journal Staff Report

KIEV, Aug. 21 - Raiffeisen International Bank Holding AG, Austria's largest bank, acquired a 93.5% stake in Aval, Ukraine's second largest commercial bank, completing several months of talks, the bank said in a statement released Sunday.

The parties declined to disclose the value of the deal, which has yet to be approved by the National Bank of Ukraine and by other regulators.




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