After receiving shares confiscated from the Russians, the first investment bank (Pinbank), UkrPoshta intends to buy a share of minority shareholders. In case of voluntary sale, a compulsory redemption procedure will be applied.
According to Igor Smilyansky, the CEO of Ukrposhta, the company seeks to consolidate actions and buy them from private investors. Currently, minority shareholders have approximately 12% of the bank's shares . The estimated cost of this process is several tens of million hryvnias , and the procedure itself can take several months .
An independent appraiser will be attracted to determine the market value of the shares. If the minority refuses to sell their shares, UkrPoshta, as a majority shareholder, may decide to increase the bank's capital . This will blur the share of minorities up to 5%, which will allow the mechanism of forced redemption of shares .
Thus, UkrPoshta seeks to get full control over Pinbank , which will allow it to effectively manage the financial institution and integrate it into its structure.
