Russian businessman Mikhail Prokhorov completed the purchase of a 39.4% stake in JSC JSCB International Financial Club from Winterlux Ltd., the lender said May 30 without disclosing financial terms of the deal.
The transaction, which took place in March, was carried out as part of a put option agreement concluded between the parties in August 2016. The Russian central bank granted its preliminary approval for the deal May 21, and the shares were registered under Prokhorov's name May 29.
Before the purchase, Prokhorov directly owned 27.7% of the bank and controlled a further 19.7% via Onexim Holdings Ltd., Vedomosti wrote May 30. Following the transaction, the businessman's total holding in IFC Bank increased to almost 87%.
Winterlux is owned by Viktor Vekselberg, a Russian businessman who was placed on the U.S. list of Specially Designated Nationals and Blocked Persons in April.
