Uralfinprombank proposes buy-out

6 March 2009 (09:41)

Uralfinprombank’s BOD Chairman Ildar Gubayev suggested that the bank’s stockholders buy out their shareholdings. The proposed price comes to 12 RUR per registered uncertified common share; the decision has to be made within seventy days of the offer. At the moment, Gubayev and his affiliates are reported to have 65.68% of the bank’s shares.

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