25 Oct 2017 13:56

Rossium buying 6.8 bln rubles of CBM shares, other shareholders did not use preemptive rights

MOSCOW. Oct 25 (Interfax) - The Rossium concern, which owns 56.86% of Credit Bank of Moscow (CBM), could buy 1.5 billion ordinary shares of CBM during its SPO, the bank said in a statement.

CBM is placing 3.2 billion ordinary shares with a par value of 1 ruble under an SPO. The price per share has been set at 4.5 rubles.

This means Rossium could buy 46.875% of the additional shares for 6.570 billion rubles. The bank