Russias B&N Bank shareholders buy 58% in MDM Bank - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russias B&N Bank shareholders buy 58% in MDM Bank

MDM02.jpgMOSCOW, Jun 30 (PRIME) -- Mikail Shishkhanov and Mikhail Gutseriyev, shareholders of Russias B&N Bank, have signed an agreement to acquire a 58.33% stake in MDM Bank from Sergei Popov, the banks said in a joint press release Tuesday.

Under the deal, 100% shares of MDM Bank were valued by the sides at one capital of the bank, they said. The banks capital stood at 29.188 billion rubles as of June 1.

The deal will be completed during the next three months.

We will approve plans for further strategic development of MDM Bank as part of our banking group until the end of 2015. Operating integration of the banks will be carried out in the next two to three years, Shishkhanov said.

Shishkanov will become CEO of MDM Bank and will give the post of B&N Banks president to Alexander Lukin, who is now the banks first vice president.

A merger of MDM Bank and B&N Bank will lead to the creation of a bank with significant financial resources and a favorable competitive position on the Russian market, Oleg Vyugin, chairman of MDM Banks board of directors, said.

(55.5240 rubles U.S. $1)

End

30.06.2015 13:38
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 71.7150 -0.0303 25 apr
USD 63.9798 +0.1892 25 apr
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1263.97 -1.08 18:50 24 apr
micex 2579.05 -0.33 18:50 24 apr
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 160.57 -1.14 18:49 24 apr
lkoh 5760.00 -0.35 18:49 24 apr
rosn 441.30 +0.07 18:49 24 apr
sber 236.00 +0.14 18:48 24 apr
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 71.0990 +0.3317 15:02 24 apr
USDTD 62.7400 -0.9300 18:20 24 apr