11:54 24.09.2015

Dragon Capital denies cooperation with Privat group in purchase of shares in Ukrainian Exchange

2 min read
Dragon Capital denies cooperation with Privat group in purchase of shares in Ukrainian Exchange

Dragon Capital investment company has denied media reports which state that Dragon Capital represented the interests of Privat Group in the acquisition of shares of Ukrainian Exchange (Kyiv).

"Dragon Capital has no business relationship with Privat Group and/or its shareholders with regard to the acquisition of shares of PJSC Ukrainian Exchange," the investment company said in an official statement.

The company said that Dragon Capital has never entered into a mandate agreement to act on behalf of Privat in other transactions.

The company did not comment on media reports on the acquisition of shares in Ukrainian Exchange.

As reported, on June 28, 2015, the law on licensing some types of economic activities took effect in Ukraine, according to which license holders could be deprived of their licenses if they are controlled by a resident of the country-aggressor (Russia) against Ukraine.

The key shareholder in PFTS is Russia's Moscow Exchange.

On September 22, Russia's Vedomosti publication said that Dragon Capital wanted to buy shares belonged to Moscow Exchange in Ukrainian Exchange.

Vedomosti's sources said that Dragon Capital was acting in the interests of Privat Group.

The publication also said that Univer Capital (Kyiv) also held talks on the acquisition of shares in Ukrainian Exchange, although its participation in the deal is unclear.

PFTS stock exchange, founded in 1996, is one of the largest stock traders in Ukraine. As of early 2015, 112 professional stock market players were members of the exchange.

AD
AD
AD
AD
AD