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Italy’s Banca Intesa seeks to buy 88.1% in UkrSotsBank for $1.16 bln
Journal Staff Report

KIEV, Feb. 15 – Italian bank Banca Intesa may pay $1.16 bln to acquire 88.1% stake in UkrSotsBank, Ukraine’s fourth biggest bank by assets, industry sources said Wednesday.

The figure apparently sets a new record in valuation of a Ukrainian bank four months after Raiffeisenbank has paid $1 bln to acquire 93% stake in AVAL, Ukraine’s second largest bank.




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