(Adds comment ABH Holdings)
MILAN, August 7 (Reuters) – Unicredit announced the start of exclusive negotiations for three months with the Luxembourg ABH Holdings (ABHH)” following the signing of a memorandum of understanding on the potential sale banking activities of the UniCredit Group in Ukraine (Public Joint Stock Company Ukrosotsbank), in exchange for a minority stake in ABHH “.
‘As it said in a brief note of the Italian bank.
Rothschild and UniCredit Corporate & amp; Investment Banking will be the financial advisor Unicredit.
In a note ABH Holdings , belonging to the Alfa Group, explains that such an operation will take to acquire an important role on the Ukrainian market.
“The proposed transaction is both tactical and strategic. It’s ABHH, an investment holding company based in Luxembourg, a player with no rivals in the Ukrainian market and makes Unicredit shareholder ABHH. We welcome Unicredit as a partner and look forward to be able to use their experience at European level (…) ABHH to grow internationally. “
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