Bank of non-core assets Trust left the UWC with a loss of ₽20 bln, said Alexander Sokolov, Chairman of the Bank's Management Board. He attributed the loss to the fact that the asset was sold ahead of schedule and the transaction itself followed a non-standard procedure. Company was sold ahead of schedule due to possible technological risks associated with the shortage of equipment, the top manager specified. Bank sold 93.6% of UWC shares in December 2023. Transaction amount and the buyer are not officially disclosed.
Bank of non-core assets Trust left the UWC with a loss of ₽20 bln, said Alexander Sokolov, Chairman of the Bank's Management Board. He attributed the loss to the fact that the asset was sold ahead of schedule and the transaction itself followed a non-standard procedure. Company was sold ahead of schedule due to possible technological risks associated with the shortage of equipment, the top manager specified. Bank sold 93.6% of UWC shares in December 2023. Transaction amount and the buyer are not officially disclosed. 
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