Date: 6 months ago   Category: Finance

VTB has closed the transaction on purchase of "Renaissance" — Rambler News Service


Photo: Alexander Shcherbak / TASS of VTB has closed the transaction on acquisition at Bonum Capital of a controlling stake of Vozrozhdeniye bank, the press service of VTB has reported. "VTB and Bonum Capital fund (Cyprus) of LTD have closed the transaction on acquisition of VTB of a controlling stake of Vozrozhdeniye bank (85%) after receiving all necessary coordination from the regulator and according to the decision of the Supervisory board of VTB of September 25" — it is said in the statement. VTB will send to minority shareholders of Vozrozhdeniye the offer on repayment of packages of common stocks to the terms established by the law. Minority shareholders will be able to take advantage of the offer till January of the next year. On August 14 VTB has reported that it has settled with fund key terms of transaction for acquisition of a controlling stake of Vozrozhdeniye. At the beginning of last month the head of bank Andrey Kostin has said that the credit institution intends to close the transaction in September. On September 25 the board of directors of VTB has made the decision on purchase of Vozrozhdeniye. The board member of VTB Gennady Soldatenkov will be appointed the head of bank, the press service of VTB reported.

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