It is almost exactly two years since I first heard a theory that, at the time, seemed far-fetched in the extreme – to whit, that Ihor Kolomoisky, Ukrainian oligarch par excellence and former owner of Privatbank, was plotting to regain control of the recently nationalized lender.
“He wants to create a managerial vacuum and prevent the government restructuring the bank,” a senior Ukrainian banker told me. “He will then come back in a year and buy it back for one hryvnia.
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