11 Aug '09
The Federal Antimonopoly Service (FAS) has satisfied a petition, filed by Tatarstan state-run investment company Svyazinvestneftekhim (SINKh), to purchase 50% shares in Ak Bars Bank, the FAS reports.
The purchase will reportedly bring the company’s share in the bank to 52.796%.
Ak Bars and SINKh wouldn’t comment on the deal.