Raiffeisen Bank Ukraine has announced that OTP Bank received an approval from Ukrainian central bank of the acquisition of 100% shareholding in RBUA.
Our view: This comes as a second approval from the Ukrainian market regulators, as OTP Bank had already received the authorization from monopoly body on August 15. We expect the news to have a mildly positive impact on the stock price today, as the Ukrainian unstable political situation might have been seen as a possible risk for closing of the transaction.