Now the arrested shares are to be sold at public auction to pay nearly UAH 1.8 bn debt to the Bank.
The Executive service seized almost 93% of Ukrtelecom shares for the debts of the owner of the shares of Ukrtelecom JSC Oschadbank in front of ESU. About it reports a press-service of the savings Bank on Monday, August 19, reports the online edition of the Chronicle.info with reference to the Correspondent.
“Within the prospectus time, OOO ESU is not carried out repayment of bonds and did not pay the accrued coupon yield, in this connection, Oschadbank recovered a debt in a judicial order”, — stated in the message.
It is noted that the trial proceedings lasted for almost two years.
“In this company, ESU 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 canceled,” — said the press service of Oschadbank.
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It is emphasized that the arrested shares in Ukrtelecom to be sold in execution proceeding with the public auction to pay off debts, OOO ESU to the Bank in the amount of almost 1.8 billion hryvnia.