Business news from Ukraine

Business news from Ukraine

Closed venture fund wants to buy 24.99% of JSC “Brokbusiness Life”

JSC “Closed non-diversified venture capital corporate investment fund ”Khartoum“ on behalf in the interests and at the expense of which acts PJSC ”Asset Management Company, administrator of the pension fund ‘Brokbiznesinvest’, announced its intention to acquire 49.995 thousand shares or 24.995% of shares of JSC “Brokbusiness-Life” (Kiev), specializing in providing services of insurance agents and brokers. As reported in the system of the National Commission on Securities and Stock Market (NCSSM), at the time of publication of this message, ZNVKIF Khartoum did not own shares of Brokbusiness-Life.

As reported on July 1, 2025, the insurance company BBS Insurance (Kiev) reduced its stake in JSC Brokbusiness Life from 99.99% to 24.9975%,

At the beginning of June 2025, the intention to acquire 49.995 thousand shares, or 24.995% of shares in Brokbusiness-Life JSC, was announced by Alexander and Sergey Buryaki.

 

BROKBUSINESS LIFE INSURER COULD BE RENAMED

The shareholders of PJSC Brokbusiness Life Insurance Company (Kyiv) at a meeting on October 27 will consider the issue of amendments to the charter of the company, including the change of name to JSC Brokbusiness-Life, according to the official information of the insurer.
In addition, during the meeting, it is planned to make changes to the types of activities of the company by excluding life insurance (65.11), while including the following activities: 66.22 – activities of insurance agents and brokers (main), 63.99 – other information services, 66.29 – other auxiliary activities in insurance, 70.22 – business and management consulting, 73.20 – market research and public opinion research, 82.30 – organization of congresses and trade shows.
As reported, the National Financial Services Market Regulation Commission, by an order dated April 28, 2020, excluded information about PJSC Brokbusiness Life Insurance Company (Kyiv) from the public register of financial institutions and canceled the registration certificate at the request of the company.
The company had been operating in the insurance market since November 2007.

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