INTERFAX. Depositary Clearing Company (DCC, Moscow), acting on behalf of Renaissance Group, bought 6.52% of Kamabank’s stocks, thereby increasing the stake in the bank’s charter capital to 19.99%. The transaction price was not disclosed. Earlier DCC owned 13.47% of the bank. Equity stakes were cut to 24% by the bank’s shareholders Dmitry Levitin, Oleg Olefirenko and Andrey Shishkin, who earlier held 24.98% blocks of shares, and also Valentin Kozub (from 11.52% to 7.93%). The bank learned about ownership changes on March 31, 2008.
Kamabank has operated since 1990. Until 2002 100% of the bank was owned by the government of the Perm region. A 75% — 1 share stake in the lender was sold to minority shareholders in 2002. The regional government pulled out of the bank in 2007.
As reported earlier, the municipality’s interest (25% + 1 share) was snapped up for Rub 260 mln by Renaissance Capital (part of Renaissance Group) through brokerage CenterInvest Securities on November 12, 2007. After the bank’s SPO carried out in January 2008 Renaissance Group’s stake dropped to 13.47%, the bank said in a press release. «Later on Renaissance Group decided to up its interest to 19.99%» — the press release said.
In 2007, Kamabank ranked 252nd in terms of assets in the Interfax-100 ranking, prepared by Interfax-CEA.
