Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Promsvyazbank to attract $ 500 million via IPO
25.09.2012 12:09
Promsvyazbank to attract $ 500 million via IPO

On Monday OJSC Promsvyazbank has claimed about its intention to hold IPO with listing in Moscow and London.  The expected sum of investments is estimated into $ 500 million, says The Vedomosti.


      
The attracted means might be used by Promsvyazbank for strengthening the structure of capital, for supporting the development of the bank’s activity and for successful strategy fulfillment. The bank does not report about the sum of investments. 

      
According to The Vedomosti, Promsvyazbank means to hold IPO in shortened terms till the mid of October.  About 30% of shares will be offered to investors for the total sum of about $ 500 million. HSBC, JPMorgan and Renaissance Capital are appointed the deal organizers. 

      
Open Joint-Stock Company Promsvyazbank (PSB) is one of Russia’s leading privately owned banks, successfully operating since 1995.

      
One of Russia’s largest banks. As at 1 April 2011, PSB ranked 10th by assets among Russian banks, according to Interfax information agency. From being a No. 63 bank by assets in 1998, in ten years PSB has grown into one of the largest banks in Russia.

      
 

Sources: http://www.vedomosti.ru 

Author: Irina Fomina

Tags: Russian business Russian banks Promsvyazbank   

Next Previous


You might also find interesting:

Israeli Partners Will Invest In Russian Agricultural Projects
16.03.2017
Conditions For Economic Recovery
11.06.2016
A Tender On Purchase Of Russia's Largest Gold Deposit Is Closed
31.01.2017
Sberbank Launched Its Chatbot
30.03.2017
Russian Textile Week 2017
27.01.2017



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
World Cup 2018  Russian Composers  education  protest actions  Archeology  ban  Lada  TRIK  Smolensk  Alexandre Benois  Russian Cinema  Contemporary Writers  Russian-Poland  Samara Oblast  Moscow events  satellite  Russian business  Russian culture  Irkutsk  Russian billionaires  The Mountains Of Adygea   Russian Classics  Russian medicine  Mercedes-Benz Fashion Week Russia  Russian music  Sakhalin  Fyodor Vasilyev  double-decker passenger train   Russian Literature  Russian Traditions  Painting  white nights   New Year  Kremlin  Russian thetres  Russian tourism  migrant workers  Restoration  fairy tale tourism  Moscow  Evgeny Dybsky  Arkhangelsk  Russian history  meteorite rain  Obninsk  Mikhail Kornienko  Exhibitions in Moscow  Russian fashion designer  Maeotae  Rokot 


Travel Blogs
Top Traveling Sites