Kommersant learned about the failure of the negotiations for the sale of “VTB-Ukraine”



Photo: Oleg Yakovlev/RBC

VTB was in talks to sell its Ukrainian “daughter” structures Renat Akhmetov and Sergei Tigipko, writes “Kommersant”. The seller and buyer have not agreed due to the large difference in the estimates of the asset

Attempts by VTB to sell its Ukrainian “daughter” was not successful, told “Kommersant” several sources close to the group. “Since in may, the head of VTB Andrey Kostin announced plans to sell the Ukrainian VTB, the group firmly took over. The interest in the asset showed two candidates — SCM group and Taskombank”, — said one of interlocutors of the newspaper.

Another source confirmed the talks. He also noted that they did not succeed. “Evaluation of potential buyers and the seller is so dispersed that an agreement has not succeeded,” he said.

The newspaper’s sources also said that the inability to sell the Ukrainian VTB as a whole forced the band to seek other ways of leaving Ukraine. “Now VTB searches for buyers on the loan portfolio of its Ukrainian subsidiary, not to leave the market with empty hands,” said one of them.

In a press-service VTB did not comment on the question about the plans for the sale of loans to Ukrainian Bank, saying only that the Bank considers various scenarios of development of business” in the country. According to “Kommersant”, in the first half of 2016, the Ukrainian VTB received a loss of 4.9 billion UAH, which corresponds to of 12.49 billion rubles on July 1.

SCM group, as the newspaper writes, is part of the business Empire of billionaire Rinat Akhmetov, and the TA is 99% owned by Ukrainian policy Sergei Tigipko.

September 2, 2016, the head of VTB Andrey Kostin declared that the Ukrainian “daughter” have to sell with lossesas prospects of development of business in Ukraine. “Our goal is to minimize losses. We are big efforts to make the most of today to recover all the funds that we have issued, and to minimize possible losses. Today sale with no loss is impossible”, — said Kostin.

He also said that in the near future can be closed, the Bank BM Ukraine (former Ukrainian Bank of Moscow), owned by the VTB group. According to Kostin, the group wanted to capitalize the Bank to keep him, but the leadership of Ukraine was categorically against it, because of the sanctions. “And we were told that we would have exactly this Bank to close in the coming months, which, in my opinion, reflect poorly on the banking sector of Ukraine”, — said Kostin.

On the likely sale of the Ukrainian business Kostin said in may. “As for Ukraine, we bear substantial losses. I think if we had a chance we’d even sold the business, than it would be increased or maintained, because we do not see any opportunities there,” he described the situation Kostin.

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