RIA NOVOSTI. Perm joint stock environmental and industrial commercial bank Ecoprombank has launched the placement of additional common shares for a total of Rub 3.29 bln, the lending institution said in an official statement. The Bank of Russia registered the bank’s SPO on December 4. Ecoprombank shareholders hold the preemptive right to buy the additional shares.
The SPO consists of 3,296,000,000 shares with Rub 1.00 par value each. The securities will be floated at par.
The shares will be floated in accordance with a decision adopted by Ecoprombank’s EGM that was held in late September to upsize the charter capital, which currently stands at Rub 1.70 bln. West Urals Chemical Company owns a 43.32% stake in Ecoprombank, Silvinit holds a 19.86% interest, Mineral Fertilizers’ block of shares is equal to 8.22% and that of Kross equals 15.60%.
