On 12th May 2017 DCH directed the offer of purchasing Prominvestbank (PIB), Ukrainian subsidiary of VEB, to Vnesheconombank (VEB, RF).
Alexander Yaroslavskiy has informed journalists that he has been interested in purchasing of banking assets for a while. «I was engaged in negotiations with Sberbank about purchasing his Ukrainian subsidiary, signed agreement of intent, held due diligence. However, salesman finally withdrew from the bargain». Regarding this, he started considering another possibilities and settled on PIB.
DCH group is going to file an application to the National Bank of Ukraine (NBU) in the nearest time to start adjusting procedures that are necessary for acquisition of Prominvestbank. During his briefing, Chairman of VEB Serhey Gorkov has said: “now response is up to NBU, we will wait for it”.
Earlier, in 2016, Alexander Yaroslavskiy already stated his interest in investing in the Ukrainian banking sector and informed that he is considering the possibility of buying one of the three subsidiaries of Russian banks in Ukraine. http://interfax.com.ua/news/economic/350690.html.
DCH group is known for its successful investments in banking system – creation of one of the industry leaders “UkrSibbank” and successful partnership with international group BNP Paribas, which has 200-year history of operating on the financial services market, following next. BNP Paribas operates in 80 countries and now is uppermost in size of assets, bottom line and market capitalization among international banks that are represented in Ukraine. In 2006, BNP Paribas purchased 51% of “UkrSibbank”, which was one of the most dynamically developed universal banks on Ukrainian market then, from DCH group. In 2009, asset fully passed into the ownership of BNP Paribas, however, Alexander Yaroslavskiy continued supporting international investors aiming at safeguarding their interests on Ukrainian market.
Besides these, group disposes a number of successfully run non-public financial assets. It is also currently engaged in a process of purchasing insurance company “INGO Ukraine” (Kiev). Documents of purchase of batch of shares of 25% are signed by now, formal procedures of bargain’s closure are finishing. Further strategy of DCH regarding this asset is aimed at increasing of interests in carrier to 100%".
DCH group had successfully developed different capital investment projects, including UkrSibbank, “Azot” in Cherkassy, “Kyivstar” etc during 20 years of work. Investments of Alexander Yaroslavskiy in development of Kharkov region exceeded $ 1 billion with $ 300 million being invested in preparing infrastructure of Kharkov for Euro-2012. Kharkov Tractor Plant (KhTZ) was businessman’s previous purchase, which, after 10-month of lie time, started its work in the beginning of 2017.