Nomos Bank plans $600 mln SPO for Khanty-Mansiisk Bank consolidation
MOSCOW. July 28 (Interfax) - Nomos Bank plans to conduct a secondary public offering (SPO) of shares in order to raise $500 million-$600 million to finance acquisition of the remaining 48.7% of shares in Khanty-Mansiisk Bank (KMB), Metropol said in a report following a meeting of analysts with Nomos Bank representatives.
Nomos Bank, which currently owns 51.3% in KMB, plans to acquire the remaining outstanding shares before the end of 2011, closing the deal by the spring of 2012, the report says.
Khanty-Mansii autonomous district owns 44.2% of shares in KMB and the Eurasian Development Bank has 3.33%.
The Federal Antimonopoly Service (FAS) has already cleared IST-Capital LLC to acquire 44.2% of shares in KMB.
Nomos Bank consolidated a controlling stake in KMB in the middle of December 2010 for a total of 12.1 billion rubles. The bank owns 31.31% of shares outright and a 100% subsidiary, Vostok-Capital, has another 19.98%.
Nomos Bank placed 22% of shares in an IPO in April 2011 (before the over-allotment option), raising $718 million for shareholders.
Lobston Enterprises, a company owned by Slovakian businessman Roman Korbacka, sold its entire stake in the Nomos Bank during the IPO.
The bank's main beneficiaries at present are IST co-owner Alexander Nesis (17.54% of voting shares), Nikolai Dobrinov (7.11%) and Alexei Gudaitis (15.88%). Bank CEO Dmitry Sokolov and his predecessor Igor Finogenov, each have 3.9%.
Czech billionaire Petr Kellners PPF Group controls 26.53% of voting shares.
Nomos Bank was the 14th biggest Russian bank by assets according to the Interfax-100 list as of the end of the first quarter of 2011. KMB was the 20th biggest.
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