Ukrainian PFTS Stock Exchange puts up 5.080 mln shares of Prominvestbank for sale

The bank is Russian state-run Vnesheconombank's Ukrainian subsidiary.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

The Kyiv-based PFTS Stock Exchange has put up for sale 5.080 million shares of a Russian state bank's Ukrainian subsidiary, Prominvestbank, which account for 99.7726% of the latter's charter capital.

Read alsoUkrainian sanctions against Russian banks' subsidiaries in Ukraine extended for two years

The securities have been foreclosed, according to the PFTS Stock Exchange website.

The auction will be held on February 11, with the starting price set at UAH 266.049 million (US$11.1 million), the report said.

UNIAN memo. Prominvestbank is owned by the Russian state-run Vnesheconombank (VEB).

The sanctions imposed on Russian state banks' Ukrainian subsidiaries have been in effect since March 2017. They ban the withdrawal of capital in favor of the parent structures.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!