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Report: Investor eyes foreign shareholders' stake in Transkapitalbank

Tatiana Orlova, a former shareholder in Vozrozhdenie Bank, intends to purchase shares in PJSC Transkapitalbank from foreign investors European Bank for Reconstruction and Development, International Finance Corp. and DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, Kommersant reported July 3, citing market sources.

The EBRD currently holds a 28.29% stake in Transkapitalbank, while the IFC and DEG own 7.64% and 9.04% stakes, respectively. Orlova, who joined Transkapitalbank's management board in 2016 after selling her minority stake in Vozrozhdenie, already has a 1.8% holding in the lender, acquired at the beginning of 2018 for 150 million Russian rubles.

Following the upcoming purchase, she will become the lender's biggest shareholder, owning an almost 47% stake.

Transkapitalbank needs additional capital, a problem which will have to be dealt with by the new shareholder, Kommersant said. The Russian central bank recently approved a 5 billion ruble recapitalization plan for the bank, with two capital hikes to be carried out by the autumn of 2018 and in early 2019, the newspaper noted.

As of July 3, US$1 was equivalent to 63.25 Russian rubles.