ICU Group to buy Troika Dialog Ukraine from Sberbank's subsidiary
KYIV. July 2 (Interfax) - Ukraine's ICU Group has concluded an agreement with PJSC Subsidiary Bank of Sberbank of Russia on the acquisition of a 100% stake in the charter capital of LLC Asset Management Company-Pension Fund Administrator Troika Dialog Ukraine.
ICU Group said in a press release that the deal is subject to approval of the Antimonopoly Committee of Ukraine, National Commission on Securities and Stock Market, as well as the National Commission for State Regulation of the Financial Services Market.
"This deal corresponds to our plans for increasing assets under management, which we announced already at the beginning of the year," the press service cited ICU Group Managing Director Konstantin Stetsenko as saying.
Troika Dialog Ukraine was founded in December 2007. Earlier it was part of the Troika Dialog group of companies. The Asset Management Fund manages the assets of the largest non-state pension fund in Ukraine, Emerit-Ukraina, the founder of which is Rinat Akhmetov's OJSC Ukrtelecom.
As at May 31, 2015, 121 million hryvnia ($5.8 million) were under the management of LLC Troika Dialog Ukraine, and the company itself is among the top three for servicing non-state pension funds.
ICU Group was founded in June 2006. It includes LLC Investment Capital Ukraine, Asset Management Company Investment Capital Ukraine and Avangard Bank. Earlier the co-founder and the head of the board of the directors of the Group as Valeriya Hontareva, who was confirmed by the parliament in June 2014 at the proposal of President Petro Poroshenko as the head of the National Bank of Ukraine.
After that Hontareva sold her share in ICU, and the partners of the group remained Makar Pasenyuk and Konstantin Stetsenko.
Meanwhile, according to data presented on the website of Avangard Bank, the co-owners of the group are Alexander Valchyshen and Volodymyr Demchyshyn, who is the Energy and Coal Industry Minister of Ukraine.
The official exchange rate on July 2 was 21.006373 hryvnia/$1.