A 99.7726% stake in Prominvestbank (PIB, the VEB subsidiary in Ukraine), has been put up for an auction, which is due to take place on the PFTS stock exchange on February 11, the exchange said in a statement. This is already the third attempt to auction off the PIB stake, arrested by the State Enforcement Service of Ukraine. The two preceding auction (planned for August and September 2019, respectively) were ruled invalid due to an absence of bids from potential buyers. The starting price of the 99.7726% PIB stake at the new auction will total UAH 266.049 million or $11.1 million at the current exchange rate, 33% less than for the September auction and 50% less than for the August auction. The guarantee deposit for participation in the auction on February 11 is UAH 53.209 million, or 20% of the initial value of the stake, the PFTS statement said.