Additional share purchases to be part of PrivatBank nationalization
KIEV, Dec. 19 – As part of PrivatBank's nationalization, the Finance Ministry will buy all of its shares for UAH 1 and then take part in its additional capitalization through acquiring additional shares in the amount not exceeding the minimum capital requirements calculated by the National Bank, the Cabinet of Ministers said in resolution No. 961 dated December 18 and entitled "Some Issues of Stability of the Financial System." |