Starting November 14, 2024, the Moscow Stock Exchange will suspend trading in Rosbank shares. This is indicated on the website of the trading platform.
Author:
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This decision was made in connection with the bank’s upcoming reorganization, which may affect business conduct, the Moscow Stock Exchange said in a statement.
In August, T-Bank’s parent company, TKS Holding, became the owner of 99.4% of Rosbank’s capital. As part of the transaction, a total of 1.42 billion shares were purchased; T-Bank first reported that the lenders were planning to merge in March.
On November 2, shareholders approved the merger of Rosbank with T-Bank. The total capital of the merged credit institution will exceed 500 billion rubles.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
