RBC. Onexim Group ceased to hold (via Cyprus-based Renaissance Securities Limited) nearly all shares of Bank Vozrozhdenie (5.2%), retaining just 0.05%, RBC reported.
The bank disclosed this information in several hours after it announced the purchase of its shares by Onexim Group, which through Renaissance Securities Limited raised its stake from 1.07 to 5.25%. So, as the newspaper wrote, Onexim held a 5%+ interest in Bank Vozrozhdenie only for five days.
Two RBC sources close to Onexim said that Renaissance bought the bank's shares on behalf of its customer, but gave no name. One of them explained the second deal by the fact that the customer took the securities off the broker's balance sheet. Onexim owner Mikhail Prokhorov has been a board member at Bank Vozrozhdenie since June 1, 2015, which he joined at the request of heirs of the bank's founder Dmitry Orlov.
Kommersant previously wrote that Promsvyazbank was in talks with Bank Vozrozhdenie's minority shareholders over the purchase of their holdings. A RBC source close to the bank believes that Renaissance Securities Limited snapped up the stocks on behalf of Promsvyazbank. Based on Vedomosti's data, Promsvyazbank's entities, maybe, already hold an interest close to the blocking stake in Bank Vozrozhdenie (24.73%).
For the record, on May 25, 2015 Bank Vozrozhdenie's board of directors approved a merger offer made by Absolut Bank shareholders, the lending institutions launched mutual assessment to determine related ratios of the deal.
