Advisor Selection Tender Announced
The Ministry of Finance of Ukraine has launched a tender to select a single financial advisor. This advisor will oversee the preparation and sale of state-owned share packages in 'Sense Bank' and 'Ukrgasbank'. The advisor's service contract will run until March 1, 2029, with a deadline for bid submissions set for June 15, 2026.
Competition Requirements
Only legal entities with verified international experience are eligible to participate. Candidates must be ranked among the top financial advisors for the largest M&A deals in Europe for the period 2023–2025. The advisor's core mandate will be to guide the preparation and sale of the shares, which includes:
- Increasing their market value;
- Attracting potential investors;
- Organizing and executing all stages of the transaction.
Compensation for the advisor will consist of a fixed fee and a potential success fee, which could reach up to 3% of the proceeds transferred to the state budget. Documents can be submitted in both electronic and paper formats. International partners will be involved as observers in the selection process. Reducing the state's share in the banking sector is a key priority for the Ukrainian Government, a policy supported by international financial institutions.
The tender for an advisor to manage the sale of state-owned bank shares reflects the Ukrainian government's intent to reform the banking sector and attract investment. Source: Ministry of Finance of Ukraine
Diminishing state ownership in banks is seen as a way to enhance their operational efficiency and improve client services. The emphasis on international experience for participants underscores a commitment to adopting global best practices and boosting investor confidence in the financial market.