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.


Author: Irina Fomina

Tags: Russian business Russian banks Promsvyazbank   

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Moscow  A3 Gallery  Emergency Response  Russian economy  Russian Actresses  Gelendzhik  Golden Horde  International Dog Sled  Moisey Feigin  Oka Reserve  Alisher Usmanov  Moscow airports  Archeological Finds  Alexei Gaskarov  Ufa  Year of Germany  Concerts in Saint Petersburg  Russian football  Russian actors  Kostroma  Russian scientists  Museums of Vologda  the Krasnodar Region  Taganay National Park  Monuments to People  Russian business  International space station  invest  Tourism Barents Summit  Russian trade  Russian tourism  Rostov  Spacecrafts  St. Petersburg  Russian science  Russian Cinema  PlasticLogic 100 e-reader  Exhibitions in Moscow  Aquariums  TNK-BP  Korol i Shut  Mercedes-Benz Fashion Week Russia  Archaeology  Photography  Brussels  Yevgeny Vakhtangov Theatre  Russian coal mine  Jesus Christ  Ministers  Monuments 

Travel Blogs
Top Traveling Sites