REUTERS
The National Bank of Ukraine (NBU) has received a package of documents from the investor, a citizen of the United Kingdom and the Russian Federation Said Gutseriev, to agree on the acquisition of a major share in Ukrainian-based Russian Sberbank’s subsidiary, the NBU press service told an UNIAN correspondent.
The investor intends to purchase a 77.5% stake in Sberbank of Ukraine. His documents have been received and are currently under consideration, the press service said.
At the same time, the National Bank says that based on the schematic diagram of the future Sberbank ownership structure, another investor JSC Norvik Banka is expected to submit its package of documents to acquire a 22.5% stake in Sberbank, if the said investor purchases a significant stake in the near future.
According to the current legislation, the NBU shall consider such documents within three months from the date of receipt of the full package of documents, while the regulator monitors the business reputation of the investor, its financial condition, and the origin of funds.
Read alsoNBU tells IMF sanctions against Russian banks' subsidiaries may be eased "The National Bank of Ukraine has the right to prohibit a legal entity or an individual from acquiring or increasing a substantial share in the bank," the regulator said.
As UNIAN reported earlier, Russia's Sberbank announced on March 27 conclusion of an agreement to sell a 100% stake in the Ukrainian-based subsidiary to a consortium of investors with the participation of the Latvian Norvik Banka, controlled by Russian businessman Grigory Guselnikov and a private company from Belarus.
Russia's Sberbank subsidiary has been operating in Ukraine since 2001, being one of the largest financial institutions in terms of assets.