The European Bank for Reconstruction and Development (EBRD) will buy 25% plus one share in Moscow’s TRANSCAPITALBANK through a new share issue. The project is currently in the final stage of approval. It was earlier announced that TRANSCAPITALBANK aimed to reach an agreement in principle with the EBRD in June, regarding the sale of a shareholding, as much as a blocking interest, to that lending organization.
Source: KOMMERSANT, June 21, 2006
