Carcade, a large player on the Russian auto leasing market, has pulled out of Krasnodar-based I.D.E.A. Bank (Investitsionny Doveritelny Evropeisky Aktsionerny Bank OJSC). The leasing firm posted relevant information on its website.
In line Carcade’s materials, the deal was transacted on May 20. The bank was purchased by Poland-based Getin Holding, which acquired the entire interest held by the leasing firm (slightly more than 96.06%). The par value of the sold shares is around Rub 381.37 mln, while the transaction price equaled Rub 667.41 mln.
To remind, Getin Holding is a 100% owner of Carcade itself. Thus, the Polish shareholder is now not an indirect, but direct owner of the Russian bank.
Getin Holding’s beneficiary is Polish businessman Leszek Czarnecki. According to the information available at the beginning of 2014, he directly and indirectly controls 55.8% of the holding’s shares, with the remaining 44.2% constituting the free float.
Based on Banki.ru data, as of May 1, 2014 I.D.E.A. Bank ranked 419th in terms of assets (Rub 4.37 bln) in Russia and 9th in the Krasnodar region.
