Sberbank was not able to sell subsidiary in Ukraine because of the price of the Lipetsk factory Roshen media
Selling Ukrainian structures of the Russian “Sberbank”, which is now actively seeking options for a quick withdrawal from the Ukrainian market, has slipped in the last moment because of the price of the Lipetsk confectionary factory Roshen, which is part of the agreement, a source told Kommersant.
According to the publication, the deal fell through “at the presidential level” due to the excessive cost of the Lipetsk confectionery factory (LKF) Roshen.
So, negotiations about the sale began in may 2016. They intensified in December of the same year, after the Ukrainian side were joined by managing Director of ICU, which advises Roshen for the purchase and sale of assets, Makar Pasenyuk and businessman Igor Voronov.
The source noted, who was the initiator of the negotiations, but said the beneficiary of the sale was President of financial and industrial group DCH group (Development Construction Holding) and the former co-owner of UkrSibbank Oleksandr Yaroslavsky.
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At the end of January 2017 Pasenyuk proposed to make part of the agreement “conceptual deal that would also include selling the Lipetsk factory Roshen”, but the deal was blocked.
“Initially, it was proposed 680 million dollars, but after the announced value of the LCF in $ 250 million in actual not more than 120-140 million dollars, the negotiations have lost all meaning for the Russian side,” – said one of interlocutors of the edition.
Russian “Sberbank” has not commented on the information.
We will remind, on March 10 during a meeting of the Cabinet the Minister of internal Affairs Arsen Avakov suggested that sanctions against the Russian “Sberbank”. This proposal was supported by Prime Minister Vladimir Groisman.
Such actions against Russian financial institutions connected with the fact that in the Russian Federation “Sberbank” started to serve customers that as identity cards, use paper issued by the terrorists of “LNR” and “DNR” under the guise of “passports”.
On 15 March the President of Ukraine Petro Poroshenko enacted the decision of national security Council and defense of Ukraine, has imposed sanctions for one year for public joint stock company “savings Bank”, PJSC “Vs Bank”, PJSC “joint-stock commercial industrial-investment Bank”, PJSC “VTB BANK”, PJSC “BM BANK”.
Penalties apply to prevent withdrawal of capital abroad. In particular, it is prohibited any operation in favor of the parent banks, as interbank loans, deposits, subordinated debt, placement of accounts on correspondent accounts, etc. Also introduced a ban on the payment of dividends, interest.
Sberbank called the decision discriminatory and politically motivated.
Now the state Bank of RF Sberbank is actively seeking options for a quick withdrawal from the Ukrainian market.