UBRD sold to China Company

UBRD sold to China Company

30.11.2016 News

The State Property Fund of Ukraine representative informed that 99,99% of Ukrainian Bank for Reconstruction and Development (UBRD) had been sold to Bohai Commodity Exchange within the auction second round. The State Institution posted this information on the official web-site. The transaction value consists 82,8 million UAH. The asset’s cost of Ukrainian bank was underestimate essentially. This decision was confirmed according to potential buyers absence. The UBRD were estimated in the amount of 118,9 million UAH during the first round of auction which was taken place on the 22nd of April 2016.

Bohai Commodity Exchange is one of the biggest commodity exchanges in China. The main company activities directions are the trade and investments. The UBRD has shown the net profit in the amount of 57 thousand UAH for the last period. The bank had 18,3 million UAH of losses in 2014.

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