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Otkritie ups stake in customs payment unit

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Otkritie ups stake in customs payment unit

Otkritie Financial Corp. Bank acquired a 28.93% stake in online customs payment system operator Obshestvo s Ogranichennoj Otvetstvennostyu Tamozhennaya karta, increasing its holding in the company to 96.79%, it said March 12.

The lender purchased the stake during an auction organized by the Russian Deposit Insurance Agency, having offered 19.2 million Russian rubles for the shares. The stake was previously owned by Finprombank, which lost its license in 2016 and is in the process of liquidation.

Otkritie acquired a controlling stake in Tamozhennaya karta in May 2018 through the takeover of local company Prominvest, which owned a 67.81% stake in the company.

As of March 12, US$1 was equivalent to 65.68 Russian rubles.