63.8865% of Moldindconbank newly issued shares are put up for sale at the Moldova Stock Exchange auction in a single package at the initial price of 240.74 lei per share; their total value exceeds 764.04 million lei
As reported by the Public Property Agency, in particular, for sale in the regulated market through the Moldova Stock Exchange, 3,173,751 shares (63.8865%) of Moldindconbank shares are offered for auction at a starting price of 240.74 lei per 1 share with a nominal worth reaching 100 lei. Bidding will be held from during March 18 to 20. At the same time, shares offered for sale can be purchased exclusively by persons who have received prior written permission of the National Bank, in accordance with the Law on the Activities of Banks. As InfoMarket agency reported earlier, previously the Public Property Agency, on behalf of the Moldovan government, purchased a package of 63.8865% of Moldindconbank shares on the Stock Exchange of Moldova for 760.11 million lei (3173751 shares at an initial price of 239.5 lei per share) for the subsequent sale these shares. As an existing potential buyer, Doverie-Invest (Bulgaria), which has signed a preliminary contract to buy Moldindconbank shares with the Public Property Agency, as well as other potential buyers, who will receive appropriate preliminary permission from the National Bank, will be able to take part in this auction. Let us recall, the large Bulgarian company Doverie United-Holding AD received on January 22 this year preliminary approval of the NBM to acquire 63.89% of Moldindconbank shares. The government of Moldova adopted a decree on the purchase and denationalization of new shares issued by Moldindconbank, on the basis of which the Public Property Agency, on behalf of the government of Moldova, subsequently signed a preliminary contract with Doverie-Invest on the purchase of new shares in Moldindconbank. It was agreed that in the future, the Public Property Agency will put up for sale within a “hammer” auction the acquired Moldindconbank shareholding at the initial sale price reaching over 764.04 million lei (the purchase price of new shares plus the corresponding costs incurred on the sale these shares). It should be noted that earlier a similar procedure was applied in respect to the shares of another system value bank - Moldova-Agroindbank: a package of 41.09% of its newly issued shares was sold for 451.53 million lei (23.03 million euros) at the Moldova Stock Exchange to an international consortium of investors (EBRD, Invalda INVL and Horizon Capital). Moldindconbank is a system value bank, the second largest bank in the Moldovan market. It accounts for about 23.2% of the deposits of individuals, and its depositors are 604 thousand people. At the same time, Moldindconbank ranks 1st in the number of cards in circulation, with a share of 37.8%. // 13.03.2019 - InfoMarket.