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:

Economists Discussed the Options Of a Tax Maneuver
27.02.2017
Mechel Earned a Profit Of More Than Seven Billion Roubles
14.05.2017
Sberbank Reduced Consumer Loans
17.11.2016
Uralkaliy Will Be Ispected
16.10.2016
Standard & Poors Changes Forecast On Russian Rating
29.09.2016



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Rostov  Laptev Sea  Andrey Bely  Moscow Architecture  Lyudmila Alexeyeva  religion  Petropavlovsk-Kamchatsky  Joy Division  Painting  Russian writers  Real Wages  Moscow parks  Zvenigorod  deposits  Nicholas Roerich  Alyona Leonova  Russian tourism  Edgar Degas  tourist cards  Izhevsk  Alykel Airport  Kir Bulychev  Moscow  Cherny Dol Lake  Supreme Court  Russia-US  Retail in Russia 2011  Sukharev Tower  Russian Cinema  Russian music  poll  Igor Sechin  St. Petersburg Museums  Mercedes-Benz Fashion Week Russia  censorship in Russia  Modern Art  Mikhail Kutuzov  Kamchatka  May 6 rally  Russian army  Russian Literature  Domodedovo  Russian history  Exhibitions in Moscow  space  Archeology  Old Moscow  Yandex  music  Russian business 


Travel Blogs
Top Traveling Sites