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. Last Updated: 07/27/2016

VEB Funds Ukraine Unit

Vneshekonombank injected $500 million into its Ukrainian unit Prominvestbank, raising its stake to 93.8 percent by buying newly issued shares, the Ukrainian bank said Wednesday.

VEB transferred $375 million on Sept. 24 and $125 million on Sept. 29, Prominvestbank said in a statement. The proceeds were put into Prominvestbank’s statutory capital, according to the statement.

(Bloomberg)