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Getin Holding gets regulatory approval to off-load Ukrainian subsidiaries

The Anti-Monopoly Committee of Ukraine approved the sale of Getin Holding SA's local units JSC Idea Bank and LLC New Finance Service.

Getin agreed in December 2019 to sell Idea Bank to Dragon Capital Investments Ltd., Dragon Capital New Ukraine Fund LP and an unnamed individual, while the agreement to sell New Finance Service was concluded with Napalor Holdings Ltd., which is controlled by the buyers of Idea Bank Ukraine. The financial details of the transaction were not disclosed.