The Federal Anti-Trust Service (FAS) of Russia has given permission to Cyprus-based Evison Holdings Ltd. to acquire 36.7% of Orient Express Bank’s voting shares, RIA Novosti reported.
Orient Express Bank is a large federal retail bank with a wide geographical coverage in most regions of Russia and runs around 400 branches all across the country.
The bank’s largest shareholders are MDM Bank management board chairman Igor Kim (17.42% through Antof N. V.), Andrey Bekarev (16.71%), Alexander Taranov (12.67%), Orient Express Bank management board chairman Sergey Vlasov (15.63%), and also Renfin’s funds (Rekha Holdings Ltd. (11.78%) and Ratto Holdings Ltd. (6.37%).
