Economy

Cypriot ABH Ukraine Limited to complete sale of Neos Bank in near future

Cypriot ABH Ukraine Limited to complete sale of Neos Bank in near future

ABH Ukraine Limited (Cyprus), the sole shareholder of PJSC Alfa-Bank and from January 22, 2016 the owner of 99.9129% of the shares of Neos Bank (both based in Kyiv), intends in the near future to complete a deal on the sale of Neos Bank, the press service of Alfa-Bank has told Interfax-Ukraine.

"The deal with Provita Management for the sale of Neos Bank failed: the buyer has not received necessary permits. However, the bank is still on sale. We have a buyer and in the near future we will close the transaction," President of Alfa-Bank Oleksandr Lukanov said.

However, the National Bank of Ukraine told the agency that the regulator did not refuse the potential buyer the acquisition of Neos Bank, noting a possible return of documents for finalization.

As reported, the Antimonopoly Committee of Ukraine (AMC) in July 2015 permitted Provita Management, whose ultimate beneficiary is the former co-owner of Bank Forum (Kyiv), Leonid Yurushev, to concentrate more than 50% of Neos Bank.

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