trending Market Intelligence /marketintelligence/en/news-insights/trending/ttzh2jzgrp-4warlzfhgng2 content esgSubNav
In This List

Report: Russian lawmaker in talks to acquire majority stake in Vozrozhdenie Bank

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Report: Russian lawmaker in talks to acquire majority stake in Vozrozhdenie Bank

Russian businessman and lawmaker Suleiman Kerimov has entered in discussions with Vozrozhdenie Bank's majority shareholders about acquiring their stake in the lender, Reuters reported, citing "two sources close to the talks."

The bank's majority owners are brothers Dmitry and Alexei Ananyev, who are required to cut their holding in the Russian bank to 10% following the December 2017 bailout of PAO Promsvyazbank, which they also controlled, Reuters noted. No deal has been agreed yet, according to the sources.

A consortium including Non-State Pension Fund Blagosostoyanie and JSC VTB Bank has also expressed interest in Vozrozhdenie Bank, Russia's 36th largest bank by assets, according to the report.

Kerimov's family controls Russia's biggest gold producer Polyus, according to the report.