REUTERS
The European Bank for Reconstruction and Development (EBRD) intends to purchase up to 27.64 billion ordinary registered shares of Raiffeisen Bank Aval, which will not exceed 35% stake in its share capital, according to the issuer in the disclosure system of the National Commission on Securities and Stock Market.
"The European Bank for Reconstruction and Development announces its intention to buy a significant stake in PJSC Raiffeisen Bank Aval. In particular, the EBRD intends to purchase 27.64 billion ordinary registered shares of Raiffeisen Bank Aval with a nominal value of UAH 0.10 per each, which does not exceed 35% of the ordinary shares issued by Raiffeisen Bank Aval," the report says.
As reported earlier, the European Bank for Reconstruction and Development decided to support the project involving entry into the capital of the second largest bank with foreign capital in Ukraine - Raiffeisen Bank Aval.
According to the bank, details of the deal, including the amount of recapitalization with the participation of the EBRD, will be announced after the completion of talks and signing of relevant documents.