Otkritie Financial Corporation Announces Details of the Acquisition of a Minority Interest in NOMOS Bank (CEE and CIS)

Source: Otkritie Financial Corporation

Netherlands-based investment and finance group PPF Group has sold its stake in Russia’s NOMOS Bank to Russian banking group Otkritie Financial Group in a share swap deal. In exchange, PPF Group received shares in Russian fertilizer company Uralkali, plus an additional equity investment. The total value of the transaction value was RUB14.1 billion (approximately US$442 million).