The Ministry of Finance of Ukraine has launched a competitive selection to appoint a single financial adviser to support the state’s divestment of its shareholdings in JSC Sense Bank and JSB UKRGASBANK, both designated as systemically important banks. The adviser will provide end-to-end support for preparing and executing the sales, including investor outreach and steps aimed at maximising the value of the state’s stakes and sale proceeds. The engagement will run until 1 March 2029 and remuneration will comprise a fixed fee plus a potential success fee of up to 3% of actual proceeds received by the State Budget from the sale. Eligibility is restricted to legal entities listed in London Stock Exchange Group rankings for 2023–2025 (by value or number) that advised on sales of financial institutions and financial groups in Europe; other entities cannot participate. Assessment will focus on international experience in bank and financial-institution sales, professional expertise, and the adviser’s proposed action plan. Observers from international financial institutions, European Union institutions and member states, and other international and foreign technical assistance providers will participate with rights to request information and provide recommendations. Applications must be submitted in both electronic and hard-copy form by 17:59 Kyiv time on 15 June 2026; submissions received after the deadline, including those where the hard copy is late even if the electronic submission was on time, will not be considered.

Original source View in tracker