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

Finnish Nordea Sells Off Stake In Russian Bank
21.06.2006 00:00
Finnish Nordea Sells Off Stake In Russian Bank

Finnish Nordea bank is selling off a 23.42% stake in the International Moscow Bank, placed in the Top 10 Russian banks, to Italian UniCredit. Analysts are positive about the deal.
      UniCredit increases its share in the Russian banking sector to 10%, while Nordea gets more independency. 23.42% worth $395m will add up to 53% of the International Moscow Bank which UniCredit controls now through the German Hypovereinsbank, reports Dow Jones.
      The International Moscow Bank ranks ninth in Russia, according to Interfax-100 rating which studied 1Q 2006 tallies. Nordea moved to buy out the controlling stock but apparently failed to negotiate the deal with other shareholders Hypovereinsbank (53%), the French BCEN-Eurobank (16%) and European Bank for Reconstruction and Development (5%).


Next Previous

You might also find interesting:

The Number of People Employed in the SME Sector Decreased by Almost 600 Thousand People
Russian Manufacturers are Looking for Alternative Suppliers, Due to the Coronavirus Epidemic in China
Sberbank has launched its SberMarket product delivery service
23 Russian Companies Entered the List of the Largest in the World
The State Duma Adopted a Law on Tax Maneuver for IT Companies

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
UNESCO World Heritage Sites  Russian tourism  Russian scientists  fighting drugs  air tickets to Russia  Vladivostok  Pskov Region  eclipse  Old Ladoga  Helena Blavatsky  Russian transportation  Moscow  Sergey Udaltsov  St. Petersburg  human rights in Russia  Russian rouble  Exhibitions in Moscow  Tolyatti  Isheyevka  Russian sports  Trololo  Peace March  Russian Cinema  KVADRATS Gallery  Kolomenskoye  Bolshoi Theatre  odd news  Concerts in Saint Petersburg  Stay Home Online Events  Russian business  environment  Crimea  Russian Arts and Crafts  Astrakhan  Obraztsov State Academic Puppet Theater  the Russian Academy of Sciences  Festivals in Moscow  Russian regions  Velonotte   Parks  travel to Russia  Zaraisk Kremlin  Moscow Zoo  terrorism  Andrey Makarevich  Mercedes-Benz Fashion Week Russia  Lada  Tatarstan  Satellites  Russian Cakes 

Travel Blogs
Top Traveling Sites