NBU to keep account of central counterparty in hryvnia – NBU governor 2 min read
The National Bank of Ukraine (NBU) will do what is necessary within its mandate to develop commodity exchange spot and futures markets and is now implementing a model according to which the NBU will keep an account of the central counterparty in hryvnia through which settlements will be made, NBU Governor Kyrylo Shevchenko has said. This model of settlements, which in international practice is called settlements in central bank money, is used all over the world and is considered an example of the application of best practices, he said in an exclusive interview with Interfax-Ukraine.
Metinvest concentrates 100% of shares in Pivnichny Mining Plant 2 min read
Metinvest B.V. (the Netherlands), the parent company of the Metinvest international vertically integrated mining and metallurgical group, increased its share in PJSC Pivnichny mining and processing plant (Kryvy Rih, Dnipropetrovsk region)up to 100% from 96.8% in 2020.
According to the audited consolidated financial results for 2020, released on Tuesday, the section Financial cash flow states that the total amount of dividends paid in 2020 was $100 million, while $50 million was used to acquire a non-controlling interest [3.2% of shares] in the Pivnichny Mining.
At the same time, the report does not specify from whom the shares were purchased. According to National Depository of Ukraine data for the fourth quarter of 2020, there were 2.2 billion ordinary registered shares, or 96.8336% of the authorized capital owned by Metinvest B.V.