KIEV, Nov. 1 - ABH Holdings S.A. (ABHH, Cyprus), which indirectly owns 100% of Alfa-Bank (Ukraine), and UniCredit Group (UCG) on October 31 announced the completion of a deal on the transfer of 99.9% in Ukrsotsbank (Kiev), UCG's asset in Ukraine, in exchange for a minority stake of 9.9% in ABHH, according to Alfa-Bank (Ukraine).

According to the report, as a result of the deal Italian banking group UniCredit Group has become a minority shareholder of ABH Holdings S.A., the investment holding company of Alfa-Group banking group with headquarters in Luxembourg. The ABHH board of directors will include Andrea Maffezzoni, Head of the Planning, Strategy and Capital Management Department in UniCredit.