Ukrainian Bank for Reconstruction and Development sold to Chinese investor

30.11.2016 16:51 275

The Ukrainian State Property Fund has sold a block of shares in the Ukrainian Bank for Reconstruction and Development to China's Bohai Commodity Exchange Co., Ltd. (BOCE), the fund's press service reports.

“On November 30, 2016, an auction to sell a block of shares in the Ukrainian Bank for Reconstruction and Development (99.9%) was held in the premises of the State Property Fund. Considering that just one bidder had applied for participation in the auction, the bank was privatized at a starting price of UAH 82,827,000,” the report states.

According to the State Property Fund, a new holder is China's Bohai Commodity Exchange Co., Ltd. (BOCE), the largest Chinese spot commodity exchange with an annual turnover of $1 trillion.

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