NBU allows co-founders of Nova Poshta to fully acquire BTA Bank

Regulator approves change of credit institution owner

The National Bank of Ukraine has granted official approval for the completion of a deal to acquire a banking institution. The decision concerns the co-founders of the Nova group, who have received permission for full ownership of BTA Bank shares.

Details of the acquisition structure

Volodymyr Poperehniuk and Vyacheslav Klymiv, who are co-founders of the Nova group, may jointly indirectly acquire 100% of the charter capital of BTA Bank JSC. The implementation of this intention involves the use of a number of companies within the group's structure.

In addition to the indirect route, the regulator approved the direct acquisition of a stake in the bank. This opportunity was granted to NovaPay Invest LLC, which will be able to become the direct owner of 100% of the institution's shares.