| State Securities Commission Confirms Acquisition Of 80% In Kyivmiskbud By New Region For UAH 114 M |
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02/09/2010 15:06 (528 Day 10:55 minutes ago) | ||||
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The FINANCIAL -- The State Commission for Securities and Stock Market has confirmed the acquisition of the 80-percent stake in the Kyivmiskbud holding company by Kyiv-based New Region limited liability company for UAH 114.076 million, chairman of the State Commission for Securities and Stock Market Dmytro Tevelev told a briefing.
He noted that the auction for sale of the stake took place on July 27, 2009.
The participants of the auction were two legal entities: New Region Financial Company Ltd and another legal entity that has not been detected yet.
The auction for the sale took place at the Ukrainian Universal Commodity Exchange.
In compliance with the purchase and sale agreement signed with Main department of municipal property of the Kyiv city state administration of July 29, 2009, the funds for the sold stake should have been accrued onto the account of the Kyiv city state administration by New Region in four tranches.
On October 1, 2009, the contract on transfer of ownership rights was signed.
At the same time, the Kyiv city state administration submitted documents to the new owner only on June 30, 2010. Tevelev also said that on July 2, 2010, the registrar of the holding the Terminal Register changed the register of the issuer.
As Ukrainian News earlier reported, the Prosecutor-General's Office (PGO) has lodged a petition to the Kyiv economic court with a demand to order the Novyi Rehion [New Region] financial company (Kyiv) to return 80% of the shares in the Kyivmiskbud holding company into communal property.
Kyivmiskbud Holding Company President Vasyl Mozhar announced on July 15 that the company had been withdrawn from communal property.
Company officials believe Viacheslav Suprunenko, Kyiv mayor Leonid Chernovetskyi's son-in-law, is now the majority shareholder of the holding.
Kyivmiskbud on August 6 appointed Adrem its registrar to replace Terminal Register.
Both registrars are linked to Suprunenko.
Oleksandr Popov, first deputy chairman of Kyiv municipal state administration, on August 12 claimed intention to return Kyivmiskbud holding company into communal property.
The State Commission for Securities and the Stock Market's Chairman Dmytro Tevelev announced in August that the commission had obtained information about conclusion of agreements on sale of significant stakes in the Kyivmiskbud holding company with the participation of the Novyi Rehion financial company.
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