Gazprombank, which is under sanctions, sold control of the brokerage service to its top managers. They now own a 66% stake in Gazprom Investments, which will soon change its legal name.
The transaction, the details of which are not specified, is indicated in the message from Gazprombank.
Top managers of Gazprom Investments, whose names were not disclosed, became owners of a majority stake (66%) in the company. The broker will change its legal name in the future and become Newton Investments LLC.
The management team, the business model will not change, as well as the approach to working with clients, specified in Gazprombank. They added that independence in decision making will allow the service to diversify its business.
Gazprombank, which has been under the sanctions of the European Union and the United States since 2014, after the start of a special operation in Ukraine, was subject to new sanctions. The bank was prohibited from raising equity and debt. The United States imposed personal sanctions against members of the board of directors and top managers of Gazprombank.
Author:
Kirill Bilyk
Source: RB
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
