Kyiv-listed stocks finished higher on Monday (Aug 10) after getting a
boost from the announcement of a possible M&A deal in the banking sector.
UniCredit said it has started three months of exclusive talks with investment
group ABH Holdings (part of Russia’s Alfa Group) on the potential sale of the
Italian bank’s Ukraine business in exchange for a minority stake in ABH. The UX
index rose by 0.5% to close at 969 points. Raiffeisen Aval (BAVL) advanced by
2.0% to 8.70 kopecks. In the steel sector, Yenakievo Steel (ENMZ) added 2.3% to
UAH 16.38 and Azovstal (AZST) increased by 0.5%. Low-liquidity UkrSotsBank
(USCB), which is the UniCredit subsidiary, surged by 18% to 10 kopecks on small
turnover, as the stock’s free-float is less than 1%. In London trading, Ferrexpo
(FXPO) climbed 1.6% to GBp 62.75, while MHP (MHPC) slipped 0.6% to USD 9.35.
Warsaw-listed Ukrainian stocks were mixed, with Astarta (AST) edging up 0.8% to
PLN 34.30 while Agroton (AGT) retreated by 2.4% to PLN 1.24 per share.
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