Erste Bank to buy Ukraine's Bank Prestige in full

20.12.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Austria's Erste Bank der oesterreichischen Sparkassen will buy Ukraine's Bank Prestige in full for $104 million rather than just 50.5...

...percent of it as previously announced, Erste said on Wednesday.

Erste will also spend up to $300 million until 2010 on top of the purchase price to support the business, it said in a statement. Completion of the deal is expected in January and the bank will be rebranded as Erste Bank, it said.

Approval by Ukraine's central bank and Austria's banking watchdog have already been obtained for the takeover, it said.

[VIENNA/Reuters/Finance.cz]

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