Ukrainian billionaire Dmytro Firtash spent about $440 million to acquire a 90% stake in Nadra Bank, a large troubled bank that has been under central bank management since 2009, Nadra reported. Firtash's Austria-registered firm Centragas Holding acquired a new share issue as part of the deal that brings in private capital to bail out the troubled bank. The move increases to more than $500 million from $60 million capital of Nadra Bank, improving the chance of survival for what was one of the largest banks in Ukraine before the financial crisis of 2008-2009. Read the story here
The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the
www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials
contained on this site are protected by copyright law and may not be reproduced without the prior
written permission of Public Media at firstname.lastname@example.org
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal
use only. Its reproduction or distribution in any form is prohibited without a written permission of