Ukrainian businessman Aleksandr Yaroslavskyy is not the owner of UkrSibbank (Kharkiv), by selling his 18.57% share to the bank's majority owners - French banking group BNP Paribas.
Aleksandr Yaroslavskyy sold UkrSibbank minority share to the group, and as a result, the group became the owner of 99.99% of shares of the financial institution" - said the statement of DCH, which combines A. Yaroslavskyy assets, on Thursday.
According to it, the deal, in which the DCH group sold its shares of UkrSibbank, was completed on December 2.
"We are pleased with the acquired experience of cooperation with such a large financial world-class institution, which BNP Paribas group is. We are sure that we will continue to cooperate with other financial projects, if it would be mutually desired, and the projects would be commercially interesting,"- commented the CEO of DCH group management company, Artem Aleksandrov.
According to him, the deal was mutually beneficial, but its amount was not announced by agreement of the parties.
Earlier, the management of DCH, which is owned by the founder of UkrSibbank A. Yaroslavskyy, publicly stated the unwillingness to participate in an additional emission, initiated by the majority shareholder. In particular, the Ukrainian owners were not satisfied with the conditions suggested by French partners. "It has been suggested that the Ukrainian shareholder introduced, as we say, "live cash". While the majority shareholder was going to raise the capital through conversion of subordinated debt. In other words, the real increase in capital was to be made for A. Yaroslavskyy`s money and if he refused to participate, then his share would be degraded," - said A. Aleksandrov in October this year.
Commenting on the differences between the shareholders, the experts admitted that DCH group can be soon extended with new assets in the financial sector or enter the market with a new financial institution, given Aleksandr Yaroslavskyy`s connections and experience as a banker.
UkrSibbank was founded in 1990. According to the National Bank of Ukraine, on July 1, 2010 by total assets (44.752 billion USD) UkrSibbank took 5th place among 176 banks operating in the country. The regional network includes more than 700 branches throughout Ukraine.
BNP Paribas - a European leader in the international financial market, one of the six largest banks in the world according to rating agency Standard & Poor's.
Group of Companies DCH - one of the largest and most dynamic business groups in Ukraine, with assets in various industrial branches. Since 2007, the Group implements a complex program of Kharkiv preparations for Euro 2012, which includes reconstruction of several objects of the sports infrastructure of the city (including the Metalist stadium) and the International Airport Kharkiv.
