RBC daily says Bank UralSib to be given advice on stock selling
25 December 2007 (09:07)
Bank UralSib is going to be given professional counseling on how to best sell a part of its stock in January 2008. The name of the consultant is not being revealed until all the tender procedures have been formalized, RBC daily reports. The bank’s Vice President Alexader Vikhrov was unwilling to provide any comments, yet RBC says the bank appears to be quite prepared to give up on the idea of an IPO and is reported to be negotiating for selling 25% to 49% of its shares to a western bank. In the meantime, the bank’s net loss reached 2.87 billion RUR in January-June 2007.
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Other materials on the topic::
- Bank Uralsib might sell shareholding
- Bank Uralsib’s net profit goes down 12.5% in January-March 2008
- Bank Uralsib’s net assets drop by 109 billion RUR in 2007
- Value of Bank URALSIB’s assets goes down 10% over three months
- Alpha-Bank suggests selling URALSIB’s stock due to poor performance in 2006 and large share of securities in asset portfolio