Shares of the Bank “URALSIB” has risen by nearly 2.5 times

Shares of the Bank “URALSIB” has risen by nearly 2.5 times


Shares of the Bank “URALSIB” during the auctions showed growth in 2,47 times on the news about buying a Bank businessman Vladimir Kogan.

MOSCOW, 6 Nov. Shares of the Bank “URALSIB” has accelerated and went up almost 2.5 times on the news about buying a Bank businessman Vladimir Kogan and after the change of the upper bound of the price band of the Moscow exchange.

To 12.36 GMT the Bank’s shares grew by 1.9 times — up to 16,27 penny. Thus, the MICEX index grew by 0.04%, according to data of the Moscow exchange. Earlier in the course of trading the Bank’s shares had already jumped in 2,47 times — up to 20,99 penny. For two days they had increased fivefold.

In accordance with the methodology for determination of risk parameters of securities market, Moscow exchange at 12.18 GMT raised the upper limit of the price band of the shares of the Bank “URALSIB” to 25 cents.

The Bank of Russia and Agency on insurance of contributions (ASV) on Wednesday reported that for the Bank “URALSIB” has adopted a plan of measures to restore its financial situation, involving the transition of at least 75% of the Bank under the control of businessman Vladimir Kogan. The DIA for the credit of the Central Bank will provide to the Bank under the reorganization 81 billion.

Later URALSIB said that Kogan has agreed to buy 82% shares of the Bank and the current Bank owner Nikolay Tsvetkov will retain a minority stake.