Novosibirsk’s SIBACADEMBANK and Yekaterinburg’s URALVNESHTORGBANK (UVTB) are to hold an extraordinary shareholders meeting on September 4 to discuss the merger of UVTB and SIBACADEMBANK. Banks’ shareholders are to approve resolutions on SIBACADEMBANK branches and rep offices opened on the basis of UVTB, its branches and offices. Shareholders are to approve an agreement on UVTB’s joining to SIBACADEMBANK and changes to SIBACADEMBANK’s rules in light of a reorganization procedure. UVTB is rated among the top 80 Russian banks. SIBMASHINVEST and ASMODIUS are UVTB’s principal shareholders. SIBACADEMBANK is rated among the top 40 Russian banks. The EBRD and DEUTSCHE INVESTITIONS UND ENTWICKLUNGSGESSELSCHAFT MBH (DEG) are its majority shareholders.
Source: BANKI.RU, August 1, 2006
