Photo from UNIAN
The move is part of enforcement proceedings.
The Kyiv-based PFTS Stock Exchange says the executive service has sold a controlling stake at a Russian state-owned Vnesheconombank's Ukrainian subsidiary, Prominvestbank, accounting for 99.7726% of the latter's charter capital.
The move was part of enforcement proceedings.
The shares were sold for UAH 268.709 million (US$10.8 million), while the starting price was set at UAH 266.049 million (US$10.7 million), according to the PFTS Stock Exchange website.
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The Stock Exchange put Prominvestbank's shares up for sale in mid-January, as the securities had been foreclosed.
As UNIAN reported earlier, 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.