Rothschild to advise on privatisation of Sens Bank and UkrGazBank

Official confirmation of cooperation with international financial advisor

State-owned Sens Bank has officially confirmed that it has selected N. M. Rothschild & Sons Limited, part of the Rothschild financial group, as its financial advisor for the future sale of the bank. This became known after the signing of the relevant tripartite agreement, the parties to which are the bank, the aforementioned company, and the Ministry of Finance of Ukraine.

Plans regarding UkrGazBank and management change

According to available information, the same consultant is planned to be involved in the privatisation process of state-owned UkrGazBank. This means that the Rothschild structure may oversee the sale of two Ukrainian state banks simultaneously.

Meanwhile, preparations are underway for personnel changes at the head of UkrGazBank. Artem Shevalyov is set to take the position of head of the institution, replacing Rodion Morozov, who is linked to the head of the National Bank, Andrii Pyshnyi. Artem Shevalyov returned from the United Kingdom, where he previously represented Ukraine’s interests at the European Bank for Reconstruction and Development, to lead UkrGazBank.