By KYIV. Dec 14 (Interfax-Ukraine) – The Kyiv Economic Court closed the proceedings on a claim of ex-shareholder of PrivatBank (Kyiv) Oleksandr Vitiaz against the Ministry of Finance to invalidate the agreement for the sale of shares to the state during the nationalization of the financial institution and the obligation to return the shares to him, the press service of the state-owned bank reported on Thursday.
The court applied the so-called “anti-Kolomoisky” law (No. 590-IX) “On amendments to certain legislative acts of Ukraine to improve the mechanisms for regulating banking activities”.
As the press service recalled, before the nationalization of the bank, Vitiaz held the position of deputy board chairman and was a minority shareholder of PrivatBank.
According to the National Bank of Ukraine as of October 1, 2023, PrivatBank is the leader in total assets (UAH 798.78 billion) among 63 operating banks in the country.
