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22 October, Sunday

Ufa   °

Uralsib Bank completed the acquisition of Bashkiria’s stake in Bashprombank

Economy/Business

JSC Uralsib Bank completed the acquisition of Bashkortostan Republic’s stake in JSC Bashprombank in the amount of 49.99996 percent of the authorized capital, the bank reports. As a result of this deal Uralsib consolidated almost 100 percent stake in Bashprombank.

Recall that Uralsib acquired a republican stake in Bashprombank for 190 million rubles. The auction took place on December 21, 2013.

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