14:42 27.07.2017

Deposit Guarantee Fund cancels auction to sell large stakes in Motor Sich

1 min read
Deposit Guarantee Fund cancels auction to sell large stakes in Motor Sich

The executive directorate of the Individuals' Deposit Guarantee Fund has decided to withdraw shares in PJSC Motor Sich (Zaporizhia) from sale, according to the website of the Ukrainian Exchange (Kyiv)

In accordance with this decision, the auction scheduled for July 28 for the sale of the company's shares will not take place, the report reads.

As reported, the Individuals' Deposit Guarantee Fund planned to conduct a number of auctions on July 28 to sell shares in the enterprises that are on the balance sheet of Bank Finance and Credit (Kyiv) being liquidated.

In particular, an auction for the sale of shares in Motor Sich should have taken place on the Ukrainian Exchange.

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