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28 June, Wednesday

Ufa   °

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

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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