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President’s son taking over Kiev’s Ukrainian Development Bank
Journal Staff Report

KIEV, Dec. 20 – Oleksandr Yanukovych, the Ukrainian president's son, who has been holding a 90% stake in the Kiev-based Ukrainian Development Bank via the Donetsk-based Donsnabtara Ltd. until recently, intends to become the owner of a 100% stake in the bank.

According to the younger Yanukovych, on December 16, 2010 he received permission from the Antimonopoly Committee of Ukraine to buy over 50% of the shares of the bank.




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