Ukraine Announced Procurement of Shares Sales Adviser Services
OREANDA-NEWS. Ministry of Finance of Ukraine announced procurement of shares sales adviser services owned by the state in the charter capital of banks, capitalization of which was attended by government (at the national electronic official website of "Public Procurement" and newsletter "Bulletin of government procurement” № 63 (806).
Purchase of shares sales adviser services owned by the state in the charter capital of banks will be executed in accordance with Article 6 of the Law of Ukraine "On peculiarities of selling state-owned stakes in the charter capital of banks, the capitalization of which was attended by government", subparagraph 12.1 of National Action Plan for 2013 to implement program of economic reforms for 2010-2014 "Prosperous Society, Competitive Economy, Effective State", approved by President of Ukraine from 12.03.2013 № 128/2013 and in the manner prescribed by Law of Ukraine "On public Procurement".
Shares sales adviser must meet criteria’s set out in Article 16 of the Law of Ukraine "On Public Procurement", the Law of Ukraine "On the assessment of property, property rights and professional valuation activities in Ukraine", and Article 6 of the Law of Ukraine "On peculiarities of stock selling owned by the state in the charter capital of banks, capitalization of which was attended by government", which defines that adviser may be an investment bank, an international law firm or association that meet following qualification criteria:
- The presence of at least twenty years of experience advising state governments in selling state-owned banks or banks with state shares and successful maintenance of relevant treaties, including at least five years of experience in executing such work in Central and Eastern Europe and other countries in transition ;
- Available offices located in Ukraine and at least in six states of European Union;
- Absence of creditor claims to banks;
- Absence of banks shares sales adviser commitment to related party banks, creditors and / or debtors of banks over the past two years;
- Absence of obligations to third parties to provide services on purchase to their favor and at their expense banks shares in Ukraine.
As of 01.07.2013 state represented by Ministry of Finance of Ukraine owns shares in share capital of PJSC Banks "Аvtokrazbank" Kyiv "AB" Ukrgazbank "which makes accordingly UAH 3.57 and UAH 10 billion.
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