Vneshtorgbank and Guta Bank`s shareholders completed the transaction to purchase a 85.8% stake in Guta bank`s equity by Vneshtorgbank.
Under the terms of the transactions, Vneshtorgbank will purchase 2,881,092 (Two Million Eight Hundred Eighty One Thousand and Ninety Two) ordinary registered shares in Guta Bank`s capital .
Subject to the decision made by the General Meeting of Guta Bank`s shareholders, members of the Board of Directors of Guta Bank were elected as follows:
Vadim Olegovich Levin was elected Chairman of the Board of Directors of Guta Bank.
Mikhail Valerievich Kouzovlev was elected Chairman of the Management Board of Guta Bank.
Other Guta Bank`s shareholdings are: 12.5% - Russian Federal Property Fund; 1.9% - minority shareholders.
The purchase of Guta Bank by Vneshtorgbank would be conducive to recovery of Guta Bank`s position in serving corporate and individual customers, and in ensuring efficient handling of all banking transactions.