The government and the bank's shareholders , \" Finance and Credit\" have agreed to share shares, which will state in exchange for financial assistance.
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Source "business" in the expert-analytical Cabinet council on the participation of States in the capitalization of banks said that in exchange for an infusion of capital Bank "Finance and Credit", 2 1 billion hryvnia government becomes the owner 60% +1 share of the financial institution. In addition, another 15% stake in the bank gets Cabinet in management. Thus the government will formally observe the basic recapitalization criterion - the state provides financial assistance to exchange for control of 75% +1 share of the bank. "In fact, the shares transferred to the State management will remain in the ownership of the private shareholder (Konstantin Zhevago. - "BUSINESS"), but the right to vote on these shares will dispose of Cabinet. That is, when making decisions at the state will be 75% +1 vote shares, while private shareholders - 25% -1 share, "- explains shareholder rekapitaliziruemogo Bank "Kyiv" Viktor Marchenko. The Government agreed to increase capital Bank "Finance and Credit" to 2 1 billion hryvnia in exchange for 60% + 1 share and the transfer of control of an additional 15% stake. If the recapitalization of financial institution will take place in such a scenario, we can say that the main owner Bank "Finance and Credit" Konstantin Zhevago made it more profitable conditions than the other shareholders of nationalized financial institutions. "Formally, terms of the recapitalization will be met. In the management of the state will 75% + 1 share. But in fact managed to keep the Zhevago most of the bank, than owners of other banks, asking for help, "- says chairman Board Ukrsotsbank Boris Tymonkin. As previously reported ("BUSINESS» № 64 from 21.04.2009, the) government in exchange for financial aid is going to get 99% stake in the bank "Kiev", Rodovid Bank and Ukrprombank, 91, 8% of the bank "Nadra" and 75% + 1 share IMEXBANK and Ukrgasbank. The basic question - on what conditions, the government will receive 15% of its shares to management. "Most likely, agreement sent to the control 15% of shares is made in such a way that the stock will be returned to the private shareholder (Konstantin Zhevago. - "BUSINESS") after of redemption or sale of the investor's state-owned 60% of shares ", - said General Director of" Dagda " Yuriy Prozorov. According to him, this may not happen before reaching the bank all regulations prescribed in the program to recapitalize, and before that shares will be managed by the Ministry of Finance. Stop and there are 60% among participants market and the other opinion. "The transfer of shares to management - is an ordinary power of attorney and any time you can challenge the decision of the court. So in any Zhevago time can take back these shares from the government, "- says chairman board of a major bank. However, even in this case, control of the bank will remain entirely in the hands of the government. "60% + 1 share allow meeting of shareholders and ensure a quorum, which is sufficient to control bank ", - said Yuriy Prozorov. 75% + 1 share gives right to make decisions of:-Amendments to the articles of association;-resize authorized capital of joint-stock company, liquidation and reorganization of joint stock society. Boris Davidenko, Olga VASILEVSKY
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