The state property Fund of Ukraine sold a package of shares of Ukrainian Bank of reconstruction and development (99,9%) to a Chinese company Bohai Commodity Exchange Co., Ltd. (BOCE), which is the largest spot commodity exchange in China with an annual turnover of $ 1 trillion.
About it reports a press-service of Fund of state property.
«Today, 30 November 2016, in the premises of the state property Fund of Ukraine I held the auction for the sale of shares of a Ukrainian Bank of reconstruction and development (the 99.9%). Since the application form for participation in competition were submitted by only one party, the Bank was privatized at a starting price of over 82 827 000 UAH», — stated in the message.
In the state property Fund noted that the new owner is the Chinese company Bohai Commodity Exchange Co., Ltd. (BOCE) is the largest spot commodity exchange in China with an annual turnover of $ 1 trillion. USA. The company was founded in 2009 with the participation of private Chinese citizens, several government companies as well as municipality of the state of Tianjin, China.
As reported last time, in April 2016, the auction ubrr not held due to lack of buyers. After that, the NBU announced plans to liquidate the Bank, if it cannot be privatised for re-auction. Therefore, the state property Fund has put maximum efforts for the privatization of this asset, the Bank avoided liquidation, and the state received funds to the budget. Now a key requirement for the investor is the increase in capital by 2.5 million to 120 million UAH, with the aim of fulfilling the regulations of the NBU.
The state property Fund hopes that the Bank will promptly provide the necessary permissions to enter the Chinese investor in the Bank’s capital with the aim of developing activities in Ukraine.
As reported earlier, the NBU said that the loss of operating Ukrainian banks, excluding the insolvent financial institutions, in January-September 2016 amounted to UAH 11.6 bn, which is 4.4 times lower than in the same period last year at 51.1 billion.
The Chinese company bought the Ukrainian Bank UBRD for 82,8 million hryvnia 30.11.2016