Business news from Ukraine

WITHINE INVESTMENTS BECOMES SOLE SHAREHOLDER OF UNEX BANK

18 November , 2020  

Withine Investments LTD (Cyprus), belonged to MP Vadim Novinsky, on November 13, increased its stake in Unex Bank (Kyiv) to 100% from 94.979975%, according to the information disclosure system of the National Securities and Stock Market Commission.
As reported, Flot Express LLC, owned by Dmytro Yeltyshev, a partner of MP Vadim Novinsky in a number of companies, in September squeezed out the shares of Unex Bank from minority shareholders for the amount of UAH 0.32 with a nominal value of UAH 1.
According to the bank’s report in the information disclosure system of the National Securities and Stock Market Commission, Flot Express with its 4.3638% acted jointly with Withine Investments Ltd.
At the end of August, the companies announced the merger of their stakes, thus entering into ownership of the dominant stake (over 95%) – 99.3438% of the charter capital of the financial institution, or 290.084 million shares out of 292 million of all bank shares.
According to the NBU, as of October 1, 2020, Unex Bank ranked 64th in terms of total assets (UAH 796.827 million) among 74 banks operating in the country.

, ,