ANNOUNCEMENT | Eurobank
Choose Language Top Menu Main Menu Extra Button Menu Page Contents Footer Search

ANNOUNCEMENT

Eurobank Ergasias S.A. (Eurobank) hereby announces that on the 14th August 2014, it entered into an agreement with entities of the Ukrainian Delta Bank Group for the disposal of its Ukrainian subsidiary “PJSC Universal Bank” and the transfer of Ukrainian assets (“Transaction”) for a total consideration of €95m. The Transaction, which will have negative impact of approximately 5 basis points on Eurobank’s Common Equity Tier 1 ratio, is expected to close within 2014 and is subject to customary conditions for this type of transactions and the necessary approvals by the competent authorities.
VTB Capital acted as the financial advisor and Baker & McKenzie – CIS, Limited as the legal advisor to Eurobank on this Transaction.