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                        THURSDAY, APRIL 25, 2024
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Ukrinbank selling stake to get $50 million OPIC cash injection
Journal Staff Report

KIEV, Sept. 25 – Ukrinbank is holding talks on selling 25% of the bank's shares to a foreign investor, which is one of the conditions for raising funds from the Overseas Private Investment Corporation, the bank reported on its website.

"Negotiations with one of the leading international banks were held. The international bank gave its preliminary consent to buy 25% of shares in the bank in the form of the issue of Global Depository Receipts (GDR). The intention of the foreign bank to become a shareholder in the bank is evidence of transparency of Ukrinbank," the bank's press service reported, citing head of the Ukrinbank's supervisory board Volodymyr Klymenko.




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