RIA NOVOSTI. Orient Express Bank, a lender based in Khabarovsk that intends to acquire a controlling interest in Kamabank (Perm), has already gained nearly 20% of the latter’s securities, said a statement of the bank’s buyer that the news agency quoted. The lending institution’s shareholder Evgeniya Schuplova is the seller.
Two weeks ago the media wired that Orient Express Bank and Kamabank shareholders are in talks over the acquisition of the latter’s controlling interest. The banks have a general shareholder, Renfin that is part of Renaissance Group. The transaction will be complete upon receipt of all required approvals from supervisory bodies (the Federal Anti-Trust Service and the Bank of Russia).
Kamabank is one of the largest lending institutions in the Western Urals and provides a full range of banking services. Orient Express Bank is a large federal retail bank with the wide regional scale in most regions of Russia and runs around 400 branches all across the country.
