Monday, December 11, 2006
Rosbank annuls IPO, new share issue planned
Russian bank Rosbank has cancelled 100m additional share issue that was supposed to be offered via an IPO, Kommersant wrote. The paper referred to a Rosbank statement and quoted Andrei Klishas, the director general and chairman of the board of Russian holding Interros.
Klishas said that plans to increase Rosbank capital remain a priority and the new share issue, via close placement, will be conducted. Cited in Kommersant, Rosbank investment director Anton Pak said that the new share issue could be worth up to USD 250m (EUR 189.2m).
Rosbank net assets stood at RUB 222.1bn (EUR 6.39bn) as of 1 October 2006, Kommersant reported, referring to magazine Kommersant – Dengi.
Interros owns 69.9% in Rosbank, while French banking group Societe Generale owns 20% minus one share, Kommersant wrote. Societe Generale has an option to acquire further 30% in Rosbank by the end of 2008.
Source Kommersant, Kommersant Dengi
Klishas said that plans to increase Rosbank capital remain a priority and the new share issue, via close placement, will be conducted. Cited in Kommersant, Rosbank investment director Anton Pak said that the new share issue could be worth up to USD 250m (EUR 189.2m).
Rosbank net assets stood at RUB 222.1bn (EUR 6.39bn) as of 1 October 2006, Kommersant reported, referring to magazine Kommersant – Dengi.
Interros owns 69.9% in Rosbank, while French banking group Societe Generale owns 20% minus one share, Kommersant wrote. Societe Generale has an option to acquire further 30% in Rosbank by the end of 2008.
Source Kommersant, Kommersant Dengi
