Ukraine – music to private equity ears?
While the movement for political change has lost momentum, for the financial industry the revolution does not stop here. Local banks are thriving. Foreign banks are busy. And an increase in M&A and IPO activity could be just around the corner. Guy Norton reports from Kiev.

THE DRAMATIC EVENTS of the winter of 2004, when hundreds of thousands of protesters packed the snow-covered streets of Ukraine’s cities to demand a change of government, helped to change the country’s destiny.
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