The Antimonopoly Committee of Ukraine has permitted Primestar Energy FZE (the United Arab Emirates) to acquire a stake in insolvent Ukrgazprombank (Kyiv), the committee's press service reported on Tuesday.

According to the report, the acquisition of the stake in the charter capital of the bank would allow the company to have over 50% of votes in the management body of the financial institution.

As reported, the Individuals' Deposit Guarantee Fund introduced temporary administration for three months – until July 7, and then prolonged it for one month – until August 7.

Ukrgazprombank was founded in 1996. Its largest shareholders on January 1, 2015 were Ihor Sukhina (6.0964%), Illia Rybchich (7.5329%), Yanina Sukhina (18.8336%), Ivan Diyak (24.5167%), Oleh Diyak (24.0973%), Oksana Reshetniak (9.9267%), and Viktor Reshetniak (7.8729%).

Ukrgazprombank ranked 81st among 158 operating banks as of January 1, 2015, in terms of total assets worth UAH 1.369 billion, according to the National Bank of Ukraine.