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BRIEF-Promsvyazbank denies plans to sell Vozrozhdenie bank
November 10, 2017 / 6:43 AM / 10 days ago

BRIEF-Promsvyazbank denies plans to sell Vozrozhdenie bank

Nov 10 (Reuters) - PROMSVYAZBANK:

* ONE OF RUSSIA‘S BIGGEST PRIVATE LENDERS PROMSVYAZBANK SAID THE SALE OF VOZROZHDENIE WAS NOT BEING CONSIDERED AND NO SUCH NEGOTIATIONS WERE CONDUCTED

* RUSSIAN BUSINESS DAILY KOMMERSANT REPORTED ON FRIDAY THAT ANANYEV BROTHERS, WHO CONTROL PROMSVYAZBANK, ARE CONSIDERING SELLING VOZROZHDENIE BANK

* IN SEPTEMBER PROMSVYAZBANK AND VOZROZHDENIE SAID THEY PLANNED TO MERGE IN OCTOBER

* HOWEVER, AT THE END OF OCTOBER BANKS PUT MERGER PLANS ON HOLD, LEAVING THE POSSIBILITY TO COME BACK TO THE IDEA NEXT YEAR

Source text: bit.ly/2zvwpYx

Further company coverage:, (Gdynia Newsroom)

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