Oschadbank announced the arrest of almost 93% of Ukrtelecom shares for debt
KIEV. 19 Aug. UNN. Almost 93% stake in Ukrtelecom was arrested for debts owed to Oschadbank. About it UNN reported in a press-service of the Bank.
“The Executive service seized almost 93% of Ukrtelecom shares for the debts of the LLC “ESG” (the owner of the stake in Ukrtelecom) before Oschadbank”, the Bank said.
Within the prospectus time, OOO “ESA”, as noted, is not carried out repayment of bonds and did not pay the accrued coupon yield, in this connection, Oschadbank recover the debt in court.
The trial proceedings lasted for almost two years. “In this company, “ESA” tried in court to obtain the extension of enforcement of court decisions, however, the Supreme Court recognized reasonableness of the position of the Bank, and installment was cancelled,” added the Bank.
“The arrested shares in Ukrtelecom to be sold in execution proceeding with the public auction to pay off debts, OOO “ESA” to the Bank in the amount of almost 1.8 billion UAH”, – said in Oshchadbank.
12 December 2017, the Kyiv appeal economic court left without changes the decision of Economic court of Kiev from October 19, 2017 in the case of termination of the contract of purchase and sale of shares of JSC “Ukrtelecom” and the appeal of the LLC “ESG” – without satisfaction. Thus, Ukrtelecom was supposed to return in state property.
In late may, the state property Fund said that the work on the return of Ukrtelecom in state ownership has not been completed.