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Ukraine: Antitrust regulator to investigate MP’s bank investment

By  |  January 14, 2018

The Antimonopoly Committee of Ukraine (AMCU) is considering allowing one of the country’s largest banks, Prominvestbank, to sell 25% of the bank to a private investor, parliamentary member Maksym Mykytas. Currently, Russian state enterprise bank Bank for Development and Foreign Economic Affairs (Vnesheconombank) owns 99.4% of the shares of Prominvestbank.

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    The AMCU released a press release stating that, “By order of the state commissioner of the Antimonopoly Committee dated January 10, 2018, No. 02/3-r, the consideration of the case on concentration No. 24-25/1-18-Ekk in the form of acquisition by an individual—Ukraine’s citizen of Maksym Viktorovych Mykytas—of a stake in Joint Stock Commercial Industrial & Investment Bank, which will give him 25% of the votes in the governing board of the bank.

    Full Content: Interfax

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