Ukrainian Bank for Reconstruction and Development sold to Chinese investor

“On November 30, 2016, an auction to sell a block of shares in the Ukrainian Bank for Reconstruction and Development (99.9%) was held in the premises of the State Property Fund. Considering that just one bidder had applied for participation in the auction, the bank was privatized at a starting price of UAH 82,827,000,” the report states. According to the State Property Fund, a new holder is China's Bohai Commodity Exchange Co., Ltd. (BOCE), the largest Chinese spot commodity exchange with an annual turnover of $1 trillion.