VAB Bank shareholders to vote on share issue April 28
16 March 2010
VAB Bank shareholders will vote at their upcoming AGM on April 28 on increasing the company’s charter fund by 71% to UAH 927.6 mln via an additional share issue. VAB’s major shareholder, Netherlands-based private equity fund Kardan N.V., announced in January it would increase its stake to 98% by buying out local shareholder Sergey Maksimov’s 35% stake for EUR 24 mln in 2010.
