UBRD sells Uraltransbank’s shares
20 August 2015 (17:57)
August 20, 2015. The European Bank for Reconstruction & Development is no longer a shareholder of Yekaterinburg-based Uraltransabnk, the issuer reports.
It is reported that the EBRD sold 62,466,349 of voting shares (25.0000002% of Uraltransbank’s authorized capital) on August 17, 2015. The former owned the shareholding for eleven years all in all.
The shares were sold to OOO Sevilon (8.760615%) and Entrepreneurial Activity Development Fund (8.999385%).
Fitch, the international rating agency, demoted Uraltransbank’s rating outlook from Stable down to Negative in January 2015. Fitch said then they were expecting ‘the Russian operational environment to deteriorate, which would affect the bank’s loan books’.
It is reported that the EBRD sold 62,466,349 of voting shares (25.0000002% of Uraltransbank’s authorized capital) on August 17, 2015. The former owned the shareholding for eleven years all in all.
The shares were sold to OOO Sevilon (8.760615%) and Entrepreneurial Activity Development Fund (8.999385%).
Fitch, the international rating agency, demoted Uraltransbank’s rating outlook from Stable down to Negative in January 2015. Fitch said then they were expecting ‘the Russian operational environment to deteriorate, which would affect the bank’s loan books’.
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