Capital market

Parliament adopted amendments permitting the state to acquire new issues of shares of system banks with a intention of selling them to strategic investors.

Parliament adopted amendments permitting the state to acquire new issues of shares of system banks with a intention of selling them to strategic investors.

15.12.2017

This is a mechanism for the government to purchase unsold shares of banks, which were unsold at a specified time during the auction, issued instead of previously blocked, unsold and canceled securities belonging to shareholders who acted in concert with the bank and acquired a significant share of capital without the prior written permission of the National Bank. In particular, the deputies approved the addition of the Law on the Management of Public Property and its Denationalization with a new article "Acquisition and Denationalization of Shares of Banks of Systemic Importance," according ...
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