One of Privatbank shareholders to sell his Australian company

On November 15, the correspondent agreement was signed between Consolidated Minerals and China Tian Yuan Managanese. In case of successful completion, the Chinese company will buy-out 100% shares of the manganese ore producer in Australia. According to the terms of the deal, Consolidated Minerals will be able to further use loans provided for the company by other businesses associated with Gennadiy Bogoliubov. To note, Gennadiy Bogoliubov holds 41.6% stake of the largest private bank in Ukraine, that is Privatbank.