The EBRD wants to invest EUR1 billion each year in Ukraine, Francis Malige, regional managing director, told Ukrainian reporters last week. He said: “Last year we were a bit below that, we were at EUR 600 million — and we’re not happy.” A new law on corporate governance may allow the development bank to take minority stakes in state banks, like PrivatBank. A new law on privatization could allow the EBRD to take minority stakes in state companies, before, or in the process of privatization. He said: “We can come in the time of privatization with a strategic investor and invest alongside. So, say, 60% is for sale. The strategic investor buys 51% and we buy 9%.”
EBRD wants to invest billion euros each year in Ukraine
