A single package of 63.8865% of newly issued Moldindconbank shares was sold at the Stock Exchange of Moldova for 760.11 million lei.

A single package of 63.8865% of newly issued Moldindconbank shares was sold at the Stock Exchange of Moldova for 760.11 million lei.

These securities (3173751 shares at a price of 239.5 lei per share) on behalf of the Government of Moldova acquired the Public Property Agency for the subsequent sale on the Moldova Stock Exchange through auction as a single package. In this auction will be able to take part Doverie-Invest (Bulgaria), which already is a potential buyer, who has signed a preliminary contract for the purchase of new shares of Moldindconbank, as well as other potential buyers, who will receive appropriate preliminary permission from the National Bank. The winner of the auction will be determined solely on the basis of the price offered for the shares. As InfoMarket agency reported earlier, the Moldovan government adopted a decision on the purchase and denationalization of Moldindconbank shares, and in the future the Public Property Agency will offer a block of shares for sale. It is worth noting that a similar procedure was previously applied to shares of another bank of system value - Moldova-Agroindbank: newly issued 426365 shares (41.09%) put up for sale were sold at the auction of the Moldovan Stock Exchange according to the established previously the initial price of 1059.03 lei apiece. The buyer was an international consortium of investors in the EBRD, Invalda INVL and Horizon Capital, which acquired shares of Moldova Agroindbank for 451.53 million lei (23.03 million euros). 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%. A significant amount of simple and treasury payments passes through Moldindconbank, the bank is important for the national economy. // 18.02.2019 — InfoMarket.

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