trending Market Intelligence /marketintelligence/en/news-insights/trending/itrTEyuwlf1AOX5LQkR1Mg2 content esgSubNav
In This List

Russia-based Bank Acceptance gets new shareholder

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Commercial Banking Newsletter June Edition - 2022


Russia-based Bank Acceptance gets new shareholder

New Ridge (Cyprus) Ltd. sold its stake in JSC Bank Acceptance to OOO Madox, the lender said Dec. 9.

Both companies are controlled by businessman Pavel Ezubov, who also controls the bank. The structure of beneficiary owners remains unchanged following the transaction, the lender noted.

According to Russian central bank data, New Ridge controlled 73.8% of the bank as of February.