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Erste Group Bank AG Completes Sale of Its Subsidiary Erste Bank Ukraine to FIDOBANK


Tuesday, 30 Apr 2013 02:00am EDT 

Erste Group Bank AG announced that it has completed the sale of 100% of its Ukrainian subsidiary ("Erste Bank Ukraine"), to the owners of FIDOBANK ("FIDOBANK"), a group of companies ultimately controlled by Ukrainian banker Oleksandr Adarich. As previously announced in December 2012, the cash consideration amounted to USD 83 million (approximately EUR 63 million). 

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