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Vozrozhdenie appoints prospective buyer's representatives to board of directors

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Vozrozhdenie appoints prospective buyer's representatives to board of directors

The shareholders of Vozrozhdenie Bank elected a new, 12-member board of directors for the lender, the Russian lender said in a March 7 statement.

The board includes Anton Averin, Murat Aliev, Ruslan Babaev, Tamjid Basunia, Vladimir Kuznetsov, Maxim Mescheryakov, Maxim Orlovsky, Alexander Sidorov, Alexander Fedorov, as well as Mark Nakhmanovich, Natalia Shabunina and Evgeny Pavlov, who serve as chairman and deputy chairs of the lender's management board, respectively.

Two-thirds of the elected board members represent, or are linked to, Bonum Capital, Vedomosti said March 7. Bonum Capital, which is affiliated with Russian businessman Suleiman Kerimov, in principle agreed to acquire Vozrozhdenie from its current owners and is conducting due diligence, after which the final details of the deal will be determined, the newspaper added, citing the fund's representative.

Meanwhile, the Russian central bank issued an order restricting the voting rights of Vozrozhdenie Bank's co-owner Dmitry Ananiev to 10%, Vedomosti reported March 6. The regulator's order comes after Dmitry Ananiev and his brother Aleksey divided their assets, as a result of which the latter businessman is no longer a shareholder at Vozrozhdenie. The voting rights of the Ananiev brothers in Vozrozhdenie were restricted for the first time after their other lender, PAO Promsvyazbank, was bailed out by the central bank in December 2017.

After the division of the Ananiev brothers' assets, Promsvyaz Capital, through which the two businessmen used to control Vozrozhdenie, is no longer a shareholder at the lender, which is now owned by 10 offshore companies. Six of those companies, which jointly hold 52.72% of the bank's shares, are controlled by Dmitry Ananiev, according to the newspaper.

A representative of Vozrozhdenie reportedly referred to the lender's current ownership structure as "a reflection of actions taken by the main shareholders to prepare the bank's shares for sale," Vedomosti noted.