Antimonopoly committee approves Credit Agricole's acquisition of Bank Lviv
The Antimonopoly Committee of Ukraine has approved Credit Agricole's acquisition of Bank Lviv, paving the way for the French-owned bank to gain control of up to 100% of the shares. Final NBU approval is pending.
The Antimonopoly Committee of Ukraine (AMCU) has granted permission for Credit Agricole Ukraine to acquire up to 100% of the shares in Bank Lviv. This decision, made on June 25, allows Credit Agricole to proceed with the purchase. Following the AMCU's approval, Credit Agricole must now submit a full package of documents to the National Bank of Ukraine (NBU) for final regulatory consent. The NBU will then conduct a detailed review of the buyer's financial standing and other relevant information before giving its final approval for the acquisition.
Sources: Forbes Ukraine