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Antimonopoly Service approves TM TRAST application

18.06.2009. : public
The Russian Federation Federal Antimonopoly Service approved of TM TRASTs petition to buy 41% of Khanty-Mansiyskiy Banks shares, the Service reports.

Prior to this, the Service approved of the petition placed by Standart, the Saint Petersburg-based investment company, and Roman Kichinov (Assistant to the banks President and head of the banks press service) then said to RIA Novosti that the Federal Antimonopoly Services decision did not mean the shares would be sold directly rather than by auction.

The applications could be placed with the Service after Khanty-Mansiyskiy Autonomous Regions Duma decided to offer 40% of the banks shares formerly owned by the state to some private customers. This shareholding is expected to be put up to auction.