Ukrainian Journal: Firtash buys 90% of Nadra Bank for $440 million

Print version
May 6, 2011, 10:59 a.m. |

Ukrainian billionaire Dmytro Firtash spent about $440 million to acquire a 90% stake in Nadra Bank

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 disabling its online comment section due to an increase in trolls, violent comments and other personal attacks. Other news organizations worldwide have taken similar steps for the same reasons. The Kyiv Post regrets having to take this action. The newspaper believes in a robust public debate, but the discussion must be constructive and intelligent. For the time being, the Kyiv Post will allow comments on its moderated Facebook group The newspaper will consider hosting online comments again when circumstances allow. Thank you from the Kyiv Post.


© 1995–2015 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the 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
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 Interfax-Ukraine.