The Bulgarian company Doverie-Invest acquired in a single package 63.8865% of newly issued Moldindconbank shares for 764,048.8 thousand lei (39.3 million euros).
This was announced today by the Public Property Agency, noting that 317 3751 shares (63.8865%), issued by the systemically important bank Moldindconbank, were sold at auction on March 18 at the Stock Exchange of Moldova in a single package for 764,048.8 thousand lei, that is, at the initial price of their sale - 240.74 lei per share of nominal 100 lei. According to the rules of the regulated market on organizing and conducting transactions with single packages of securities in the regulated market of the Moldova Stock Exchange, the transaction will be completed on March 22. As InfoMarket agency reported earlier, the large Bulgarian company Doverie United-Holding AD received on January 22 the preliminary permission of the National Bank to acquire 63.89% of the shares of Moldindconbank. The Moldovan government subsequently adopted a decree on the purchase and denationalization of Moldindconbank's new shares, on the basis of which the Public Property Agency, on behalf of the Moldovan government, later signed a preliminary contract with Doverie-Invest for the purchase of Moldindconbank's shares. On February 18, the Public Property Agency, on behalf of the Moldovan government, acquired 63.8865% of newly issued shares of Moldindconbank at 760.11 million lei on the MSE (3173751 shares of the bank were sold at an initial price of 239.5 lei each) for the purpose of subsequent sale on the Stock Exchange through an auction. Bidding was announced on March 18-20. There could take part, the existing potential buyer - Doverie-Invest (Bulgaria), who signed a preliminary contract with the Public Property Agency for the purchase of new shares, and other potential buyers, who will receive appropriate prior permission from the National Bank. Moldindconbank has been in the early intervention mode since October 20, 2016, due to the establishment of a coordinated action by the National Bank of a group of persons who acquired and owned a share of 63,8865% in the bank’s authorized capital without prior written permission of the NBM, thus violating the provisions of the Law on Financial Institutions. In January 2018, in accordance with the law, the Board of Moldindconbank approved a decision to cancel some shares issued by the bank and issue new shares in the amount of 63,8865%, which were put up for sale. This package of newly issued shares was many times put up for sale at the MSE at a total initial price of 760.1 million lei, including in January 2019, but there were no buyers for it at that time. 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. Doverie United-Holding AD was established in 1996 as a privatization fund. Currently, it includes 20 companies operating in 6 industrial sectors in 15 cities in Bulgaria and Europe. The holding's investments are diversified, in particular, they are present in the following areas: medical equipment, construction materials, textiles, non-woven textiles and clothing industry, services and trade.// 18.03.2019 — InfoMarket.