25.12.2007, 13:58
Poroshenko and Partners to Establish International Investment Bank
OREANDA-NEWS. December 25, 2007. Peter Poroshenko and his business partners are returning to the banking business. The Antimonopoly Committee of Ukraine permitted to the Closed Non-Diversified Corporate Investment Fund OJSC, Prime Asset Capital (before – Peter Poroshenko Fund, Kiev), Igor Kononenko, Oleg Svinarchuk, Oleg Zimin and Konstantin Vorushilin to establish International Investment Bank OJSC, UFC's press service reported. As of the beginning of 2006, Oleg Zimin owned a 12.141% stake in Mria bank, Igor Kononenko – 17.697%, Peter Poroshenko – 7.764%, his father – Alexei Poroshenko – 4.914%, Oleg Svinarchuk – 9.357%, Ukrainian Industrial and Investment Concern CJSC, where the aforesaid persons are employed – 9.34%. In January 2006, the owners of Mria bank sold a 98% stake in it to the second-largest Russian Vneshtorgbank for $70 million. Later, Peter Poroshenko, presently heading the council of the National Bank of Ukraine, said that the decision to sell Mria bank was financially inefficient, which affected the earnings dynamics of the investment fund, to which he passed the assets for management. The well-informed sources specify that Mria was sold at understate price because the shareholders of Ukrprominvest hoped to subsequently attract Vneshtorgmash for financing of Kiev-city office and entertainment center construction, which was expected to be built on Rybalskiy peninsular. The bankers estimated Mria at approximately $130 mln.
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