The National Bank of Ukraine (NBU) has allowed Ukrainian businessman Sergiy Tigipko to buy a 99.9% stake in Russian Sberbank’s Ukrainian subsidiary VS Bank, based in Lviv, according to the regulator’s website.
“The National Bank of Ukraine has allowed Ukrainian citizen Sergiy Leonidovych Tigipko to buy 99.9% of VS Bank’s charter capital through indirect major shareholding via Bailican Limited (Cyprus),” it said.
The Antimonopoly Committee of Ukraine in late September allowed Tigipko, who also controlled TAScombank and Universal Bank in Ukraine, to acquire VS Bank’s shares.
Subsequently, Tigipko said he planned to merge VS Bank and TAScombank without shutting down the financial institutions’ branches. (UNIAN/Business World Magazine)