EBRD to raise UkrSibbank stake to 40%, from 15%, for $130 million Journal Staff Report
The European Bank for Reconstruction and Development will build up its stake in UkrSibbank's capital to 40% from 15%, EBRD Senior Adviser for External Affairs Anton Usov told Interfax-Ukraine. "With an increase in UkrSibbank's charter capital by $130 million, the EBRD's equity stake will grow to 40%," he said. UkrSibbank's shareholders at a special meeting on November 16 decided to raise the bank's charter capital by UAH 4.466 billion, to UAH 6.239 billion through an additional issue of shares.
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