Urals | Finance, business
Swedish fund buys 10% of Severnaya Kazna
2 Jun '08
A Swedish investment fund has bought a 10% stake in Ekaterinburg's Svernaya Kazna (Northern Treasury) bank after the bank held a follow-on share offering.
The East Capital Explorer Financial Institutions Fund AB is reported to have paid $2.6m for the slice.
The follow-on offering was registered last Friday at the Sverdlovsk branch of Russia's central bank, Bank of Russia, for 6.17 million common shares.
The East Capital Explorer Financial Institutions Fund AB is reported to have paid $2.6m for the slice.
The follow-on offering was registered last Friday at the Sverdlovsk branch of Russia's central bank, Bank of Russia, for 6.17 million common shares.
COMMENT ON THIS STORY
Feature stories
Search (News archive - 22990)
Advertising
