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What does the agreement between UniCredit Group and the ABH Holdings mean?

The deal structure assumes that UniCredit Group (UCG) transfers its block of shares in PJSC "Ukrsotsbank" to ABH Holdings S.A. (ABHH) in exchange for issued shares equal to 9.9% stake in ABHH after the deal closing. Also one representative of UniCredit will join the Board of Directors of ABHH.

This means that Ukrsotsbank’s shareholders will combine the best banking experience of ABH Holdings S.A. in different European countries including CIS with the best international practices of UniCredit.



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