Shareholders of the insurance company “Knyazha Vienna Insurance Group” (“Knyazha VIG,” Kyiv) adopted a resolution at a meeting on September 8, 2026, to increase the authorized capital from 129.964 million UAH to 162.453 million UAH (by 24.998%), through an additional share issuance, the company reported in the NSSMC’s disclosure system.
According to the report, the increase in the authorized capital will be carried out through additional contributions by issuing 2.137 million shares with a par value of 15.2 UAH each, for a total par value of 32.489 million UAH and a market value of 219.622 million UAH.
It is also noted that the increase in the authorized capital will be carried out under a simplified procedure, and the International Finance Corporation (IFC) has the preemptive right to purchase the shares.
The minutes of the general meeting also state that the company’s shareholders who made the decision were Vienna Insurance Group AG Wiener Versicherung Gruppe (90.5612%) and ATBIH GmbH (Austria) (9.4388%).
As previously reported, on June 29, 2026, the National Bank of Ukraine approved the International Finance Corporation (IFC, U.S.) to acquire a significant stake of 19.999% each in PJSC Insurance Company “Ukrainian Insurance Group” (USG) and PJSC Insurance Company “Knyazha Vienna Insurance Group” (both based in Kyiv).
Earlier, in December 2026, the IFC, a member of the World Bank Group, announced that it would acquire stakes in “Knyazha Vienna Insurance Group” and “USG,” both owned by the Vienna Insurance Group (VIG), through a capital increase.
PJSC “Insurance Company ‘Knyazha Vienna Insurance Group’” is part of the Vienna Insurance Group Ukraine financial holding company,
According to NBU data for the first six months of 2026, the company ranks seventh in terms of premiums written among Ukraine’s risk insurance companies (47).
Mining company Ferrexpo, with its core assets, will hold general meetings of shareholders on September 21 and October 9 of this year to review its 2025 performance and the results of raising $100 million through an additional share issuance.
According to a stock exchange announcement, Ferrexpo plc is convening the meetings to consider certain standard resolutions that are typically submitted to shareholders for approval at the company’s annual general meeting, which took place on June 29, 2026. However, additional time was required to finalize the Group’s financial results for the year ended December 31, 2025, as the implementation of the relevant financing decision—necessary for the preparation of financial statements on a going-concern basis—was pending.
On September 3, 2026, the company announced plans to raise capital through a $100 million stock offering, and on September 4, 2026, it reported the results of this offering (during which $100 million was successfully raised). The fundraising process is expected to be completed on September 22, 2026, subject to shareholder approval at a separate general meeting of the company scheduled for September 21, 2026.
It is clarified that the matters to be considered at the meeting on October 9 differ from those to be considered at the general meeting on September 21, 2026, regarding the capital raise.
“Shareholders are advised to review the separate circular and notice of the general meeting, published on September 4, 2026, for more detailed information regarding the raising of share capital and the voting procedure at that meeting. The following matters will be considered at this general meeting (in a form generally consistent with that proposed to shareholders in previous years): consideration of the annual report and financial statements of the Group for the year ended December 31, 2025; approval of the directors’ compensation report; approval of the reappointment of the Group’s auditor, MHA Audit Services LLP; and authorization of the Audit Committee of the Board of Directors to determine the auditor’s compensation,” the announcement states.
Ferrexpo owns a 100% stake in Yeristivskyi Mining and Processing Plant LLC, a 99.9% stake in Bilanivskyi Mining and Processing Plant LLC, and 100% of the shares in Poltava Mining and Processing Plant PJSC.
CAPITAL, FERREXPO, MINING AND PROCESSING PLANT, share issue, SHAREHOLDER
The Experts Club analytical center analyzed data from the international consulting firm Savills on real estate market trends in the world’s leading countries. Global real estate investment in the second quarter of 2026 reached approximately $250 billion, up 13% compared to the same period last year, according to data from the international consulting firm Savills.
The data was published on August 25 in the report “Savills Takes Stock: Global Capital Markets Research Q2 2026.” According to the company’s assessment, the active portfolio of deals nearing completion suggests that the market will continue to recover in the second half of the year.
Savills estimates that by the end of 2026, global real estate investment volume could increase by approximately 16%.
However, the market recovery is uneven. Investors have become more selective and are concentrating their capital on properties with predictable cash flow, clear value, and long-term demand.
According to a study cited by Experts Club, the U.S. remains the largest market. In the second quarter, investment in U.S. real estate reached approximately $131 billion, a 20% increase from the previous year.
Separately, Savills notes a sharp increase in large portfolio transactions in North America. Their volume reached $35 billion, up 60% year-over-year. By comparison, transactions involving individual properties grew by approximately 10%.
The growth in portfolio investments is linked to the return of large institutional capital and investors’ desire to immediately secure a large-scale presence in promising segments. Data centers, self-storage facilities, and real estate for the elderly are of particular interest.
The European market also continued its recovery. The volume of transactions in the second quarter totaled 54 billion euros, up 7.7% compared to the second quarter of 2025.
In the Asia-Pacific region, investment grew even faster—by 18%, to $46 billion. For the first half of the year, investment volume in the region grew by 25%.
Particularly notable growth in the Asia-Pacific region is being observed in the industrial and logistics real estate sectors. In the second quarter, investment in this segment rose by 17%, and for the first half of the year as a whole—by 28%.
At the same time, interest in student housing and other types of residential real estate is growing. Savills attributes this, in particular, to increased international student mobility and the desire of institutional investors to build large portfolios of income-generating properties.
However, Savills cautions that the market’s recovery cannot yet be considered a widespread new investment boom. Geopolitical tensions, the situation in the Middle East, borrowing costs, and uncertain economic prospects are forcing investors to be much more selective when choosing properties.
In early 2026, deteriorating investment sentiment amid the conflict surrounding Iran even led to negative seasonally adjusted quarterly investment trends. However, the impact of this factor turned out to be less severe than market participants had feared.
According to Savills, the current stage of the cycle is characterized by the return of primarily experienced and well-capitalized players. Therefore, the main factor driving investment decisions is no longer the expectation of general growth in real estate prices, but rather the quality of a specific asset and its ability to generate stable income.
CAPITAL, EXPERTS CLUB, INVESTMENTS, MARKET, REAL ESTATE, Savills
Sky Bank (Kyiv) increased its authorized capital by 94.38 million UAH—to 367.55 million UAH—by raising the par value of its shares using a portion of the profit earned in 2025.
According to the bank’s filing with the National Securities and Stock Market Commission (NSSMC)’s disclosure system, the decision to increase the authorized capital was approved by the bank’s annual general meeting of shareholders on April 28, 2026.
State registration of the relevant amendments to the articles of association was completed on July 3, and the NSSMC registered the share issue on August 13.
On August 20, the bank received a notification from the Central Securities Depository regarding the deposit of the global certificate and the entry of information about the new par value of the shares into the depository accounting system.
Following the capital increase, the number of the bank’s voting shares stands at nearly 3.54 million, or 99.9358% of the total number of shares.
According to data from the National Bank, as of July 1, 2026, Sky Bank ranked 40th (4.28 billion UAH) among 59 banks in terms of total assets, and the financial institution’s net profit for the first half of the year amounted to 27.34 million UAH.
The number of UK residents with a personal fortune of at least GBP1 million fell by 7% in 2025 to 442,000, according to calculations by the Adam Smith Institute. This is the lowest figure since the 2008 global financial crisis. Compared to the peak in 2021, when the country had approximately 1.07 million millionaires, their number has decreased by about 59%.
For the purposes of the study, a millionaire is defined as an adult resident of the United Kingdom with a net worth of at least GBP1 million in constant 2025 prices. The calculation includes real estate, pension savings, cash, and investments, net of debt.
The Institute attributes the decline primarily to a decrease in the real value of assets. Post-pandemic interest rate hikes have put pressure on the value of pension savings and high-priced real estate, particularly in London. An additional factor is the low savings rate among British households, which limits the accumulation of private capital.
The study’s authors cite the departure of wealthy residents and the UK’s declining appeal to foreign entrepreneurs and investors as another reason. The Institute points to high tax rates, the abolition of the former “non-dom” tax regime, and discussions regarding new taxes on wealth and capital gains.
Effective April 6, 2025, the UK replaced the “non-dom” tax system with a new regime based on tax residency. New residents who have not lived in the country for the previous ten years may, for the first four years, receive an exemption from UK tax on foreign income and capital gains. After this period ends, the general rules apply to them.
The Adam Smith Institute also emphasizes that its data are estimates. The UK does not have an up-to-date government registry of personal wealth, so the indicator is calculated based on data from the Office for National Statistics and statistical modeling. It primarily reflects the general trend in changes to private wealth, rather than the exact number of wealthy residents.
The Institute has called on British authorities to abandon plans to introduce a wealth tax, lower the capital gains tax, and review the tax treatment of wealthy foreign residents. According to its data, the top 1% of British earners account for 29.1% of income tax revenue.
According to “Serbian Economist”, on July 30, the Montenegrin government approved a proposal to establish a mechanism for screening foreign investments that could affect the country’s security and the functioning of critical infrastructure.
The new rules have not yet taken effect. A separate law must be passed for them to be implemented.
Prior approval will be required from investors from countries outside the EU who acquire control or at least 10% of the capital or voting rights in companies operating in strategic sectors.
The review may cover the energy sector, ports, airports, railways, banks, payment systems, telecommunications, media, digital infrastructure, technology, food production, and critical raw materials.
Real estate will be subject to review only if it is associated with strategic facilities or located near critical, military, or government infrastructure. This initiative does not directly apply to ordinary apartment purchases by foreigners.
The government will have the authority to approve a transaction, impose additional conditions, or prohibit it entirely. Potential requirements include restrictions on access to confidential data, disclosure of information about ultimate owners, and sources of funding.
The preliminary review is expected to take up to 45 days. Concluding a transaction without authorization may result in a fine, restrictions on voting rights, or the mandatory sale of the acquired stake.
The initiative is part of Montenegro’s efforts to align its legislation with EU rules. The final terms will be determined after the law is drafted and adopted.
Formally, specific countries are not named in the initiative. However, in practice, the mechanism will be particularly important for investors from Russia, Serbia, and China. All three countries are outside the EU, and their capital is significantly represented in Montenegro’s economy.
The possible adoption of this law will, in one way or another, also affect Ukrainian investors. Ukraine ranks high in terms of the number of companies in Montenegro. According to the latest data from MONSTAT, in 2024 there were 1,069 enterprises with Ukrainian owners operating in the country, accounting for 3.6% of all active companies with foreign capital. This places Ukraine fourth, behind Russia, Turkey, and Serbia.
At the same time, Ukrainian investments are concentrated primarily in real estate and small companies. In 2023, the inflow of such investments amounted to 19.1 million euros, of which 15.2 million euros went toward real estate purchases.
Therefore, the impact of the new rules on Ukrainian businesses is likely to be limited. Routine purchases of apartments and the establishment of small companies should not automatically be subject to review. Permission will be required for investments in strategic sectors or projects related to critical infrastructure.
Source: Government of Montenegro
