Ukrainian PM blocks WSE bank listing
This was the day when representatives of the company planned to sign an investment agreement, on the basis of which shares in the bank would be transferred to NFI Magna Polonia in exchange for shares in the fund.
However, this will not take place as the Prime Minister of Ukraine, Yulia Tymoshenko, has effectively blocked the transaction. "The political chaos in Ukraine, conflict in Georgia and the global break down in the banking sector are making the execution of the plans difficult. It is harder to get past the legal procedures and receive funding for the bank. These are issues which are not under our control," said supervisory board member of Commercial Bank Financial Initiative, Tadeusz Piętka.
Source: Puls Biznesu (A.K.)
However, this will not take place as the Prime Minister of Ukraine, Yulia Tymoshenko, has effectively blocked the transaction. "The political chaos in Ukraine, conflict in Georgia and the global break down in the banking sector are making the execution of the plans difficult. It is harder to get past the legal procedures and receive funding for the bank. These are issues which are not under our control," said supervisory board member of Commercial Bank Financial Initiative, Tadeusz Piętka.
Source: Puls Biznesu (A.K.)
