Rosbank acquired French charm

Rules igry29-09-2006 Yesterday holding "Interros" has sold 10% owned by him Rosbank banking group Societe Generale for 317 million dollars. As the press service of Interros », Societe Generale has also acquired an option on the right to acquire 30% plus 2 shares of Rosbank for 1,7 billion USD This option will allow Societe Generale to be the majority owner: 50% plus one share. On this occasion, the Minister of Finance Alexei Kudrin said: "The deal Societe Generale to acquire stakes in Rosbank stressed that Russia's banking sector increases its attractiveness, it is becoming more civilized. The Russian authorities to rid the banking system are yielding results, and foreign investors are confident that this policy will continue. " In June, the French holding company sold the first 10 per cent stake. Managing Director of Interros Andrei Bugrov said in an interview GZT.Ru, that cooperation with the French group would strengthen the position of Rosbank. "This is purely a professional partnership that will further strengthen confidence in the bank in the market and help it hold a leading position" - he said. In the near future, the partners plan to launch a "programs for industrial and commercial cooperation for the further development of the bank's branch network in Russia."