Date: 6 months ago   Category: Finance

VTB expects to close the transaction on purchase of "Renaissance" in September — Rambler News Service


Photo: Anton Novoderezhkin/TASS of VTB expects to close the transaction on purchase of Vozrozhdeniye bank in September if new circumstances don't appear, the head of VTB Andrey Kostin has told journalists. "We consider that the transaction will be closed in September if new circumstances don't appear" — he has told. Kostin has added that for today the transaction is well under way, all prepare corporate the decision from VTB now. On August 14 VTB declared that it has settled with Bonum Capital fund key terms of transaction for acquisition of Vozrozhdeniye bank. The deputy chairman of VTB Anatoly Pechatnikov has told journalists that the credit institution expects to close the transaction on purchase not less than 75% of stocks of Vozrozhdeniye in September and emphasized that the transaction will pass only if all actions are exempted from encumbrances in Russia and abroad. On August 15 the High Court of Justice for the second time has arrested assets of ex-co-owners of Promsvyazbank of brothers Dmitry and Alexey Ananyevykh, including the bank share of Vozrozhdeniye. For the first time the High Court of Justice has seized Ananyevykh's assets in the claim of holders of credit notes in July. Later Dmitry Ananyev has paid the full sum of requirements of investors – $15,6 million and 11 million euros as providing, and has been released.

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