Kiev, 30 October – Smart Holding has closed the deal to acquire 96.0635% of shares in PJSC ‘Forum’. The transaction was authorized by the Anti-Monopoly Committee and the National Bank of Ukraine.
Earlier, on July 30, 2012, Smart Holding reached an agreement with Commerzbank AG to buy 96.0635% shares in bank ‘Forum’. The parties agreed not to disclose the terms and conditions of the deal.
‘We have accomplished all the procedures to acquire bank ‘Forum’. It is highly important that in the course of the transaction settlement all the parties met all the commitments undertaken by them and are satisfied by the achieved result. It is a strategic investment for us that made it possible for the banking group of Smart Holding to take up a solid position among the leaders of the banking sector of Ukraine as early as now,’ commented Alexey Pertin, CEO of Smart Holding.
PJSC ‘BANK FORUM’ has been working on the Ukrainian market since 1994 and is in a group of the largest banks according to the rating by the National Bank of Ukraine. The bank’s assets as of October 1 amounted to UAH 9.249 billion. Its credit portfolio is UAH 6.141 billion. The bank’s net profit from January to September totalled UAH 3.595 million.
Smart Holding is one of the largest investment groups in Ukraine with focus on key industries of the economy, including metals and mining, oil and gas, banking sector, shipbuilding, real estate and agriculture.
Smart Holding’s strategy is aimed at efficient management of a diversified portfolio of the Group’s assets by increasing its value in the long run and by search for new business development directions. Smart Holding’s investment activities are focused on the investments both in Ukraine and in the countries of CIS and Eastern Europe. Smart Holding participates in the projects as a strategic and portfolio investor.
For more information, please visit: www.smart-holding.com