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:

The Amount of Investment in Fixed Assets in Moscow has Grown by 19.5%
17.09.2019
Sberbank and Mail.ru Group will Create a Joint Venture
17.08.2019
Russian and China are Launching a Joint Scientific and Technology Innovation Fund
14.06.2019
It is Planned to Open 30 New My Business Centres in Russia in 2019
16.05.2019
The HSE Business Incubator Has Become the Best University Accelerator in the World
11.11.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Russian Internet blacklist  the Sun  Amur Region  Life Saving  Festivals in Moscow  Novgorod Region  Pobeda  Russian winter  Bolgar  Sochi  Exhibitions in Vladimir  Russian Internet Week 2012  Smartphone  Danny Trejo  Igor Sechin  Kizhi  Exotarrium  travel to Russia  Russian Cinema  Russian places of interest  buy Russian designers  inventions  Russian Avant-Garde  Mercedes-Benz Fashion Week Russia  St. Petersburg  Ekaterinburg   Politicians  Russian opera  Moscow State University  Peterhof  Gelendzhik  Sheremetyevo Airport  adventure tourism  Moscow Zoo  Dolls Exhibitions  Russian regions  Usmanov  Russian churches  Russian business  Exhibitions in Moscow  Vitas  Moscow  Iremel  Russian tourism  Imperial Theaters of Saint Petersburg  History Museum  bus tickets Russia FIFA  Resources  Vasily Shukhayev  ecology in Russia 


Travel Blogs
Top Traveling Sites