Cabinet sets up a commission to sell state-owned Sense Bank and Ukrgasbank
PM Serhiy Koretskyi: the commission will set tender rules, admit bidders and agree the starting price; IFIs and EU institutions may take part. The finance ministry has picked advisers.
What happened
Ukraine’s Cabinet created a commission to sell the state’s stakes in Sense Bank and Ukrgasbank, Prime Minister Serhiy Koretskyi said. Representatives of international financial organisations and EU institutions may join its work.
Its role
The commission will set tender procedures, decide on admitting bidders, agree a starting price based on the adviser’s recommendations, choose winners and the sale price, and submit decisions to the government. The finance ministry has already chosen advisers for both banks.
Context
The state owns 94.94% of Ukrgasbank, taken over in 2009. Sense Bank (formerly Alfa-Bank Ukraine) was nationalised in July 2023 because its shareholders were sanctioned Russian businessmen.
Source
This is an original short summary. All facts are as reported by the source below.
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