The contract value is over €95 million
On August 14, 2014, the Greek bank Eurobank Ergasias S.A. concluded an agreement with the company acting on behalf of the Ukrainian Delta Bank Group on sale of its Ukrainian subsidiary Universal Bank, and its assets for €95 million, Forbes-Ukraine reports.
As the Eurobank statement says, the deal is expected to be closed during 2014 after receipt of all documents and permits from the regulators.
The seller shares the information revealing that VTB Capital acted as a financial adviser, while Baker&McKenzie − CIS – as a legal counsel.
Given the said above, the estimated negative impact on the tier 1 capital ratio is approximately 5 basis points down (amounting to €6.7 billion at the end of the 1st quarter).
