Gazprombank pays 5.5 bln rubles for stake in future Russian-Venezuelan bank
MOSCOW. April 29 (Interfax) - The price tag on Gazprombank's purchase of 25%+1 share in Evrofinance Mosnarbank is 5.5 billion rubles, the bank said in its financial report to International Financial Reporting Standards (IFRS).
A Russian-Venezuelan bank will be set up jointly around Evrofinance Mosnarbank. The national development fund Fondo De Desarrollo Nacional (Fonden S.A.) acquired 49.99% of shares in Evrofinance Mosnarbank at the same time as Gazprombank bought it.
According to a founding agreement signed in June of 2009, the Russian-Venezuelan bank's charter capital will be up to $4 billion, and it will be headquartered in Moscow.
The bank's third shareholder is VTB , which like Gazprombank has 25%+1 share. VTB had a 35.86% stake in Evrofinance Mosnarbank at the start of last year.
Evrofinance Mosnarbank ended Q1 of this year in 61st place by assets on the Interfax-100 bank rating. Its equity was 12.6 billion rubles (40th place) at the start of April.
