Shareholders of Union Group, 75 percent owner of Union banka, have transferred their majority stake to Italian financial group Invesmart, Union banka spokesman Josef Rericha said.
The central bank approved the new owner's entry in Union banka in October, following the May signing by Invesmart of a contract for the purchase of 70 percent of Union banka shares from Union Group for 2.833 billion Czech crowns.
The Italians, together with the Ostrava-based bank, will also get Union Group's addition...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now