Bank of Moscow president is looking for political asylum in London
One more ‘political victim’ has found himself looking for political asylum in London, following other Russian businessmen claiming to be wrongfully convicted by state authorities. Bank of Moscow president Andrei Borodin is unlikely to follow the scenario he draw himself — to get back to Russia “as soon as he will recover his health condition”. The proposition was made by another Russian disgraced oligarch Boris Berezovsky in the conversation with The Daily Mail reporter.
Berezovsky can be right, as pure statistical numbers would show that Andrei Borodin can face something else rather than a warm welcome upon his return, if and when it would occur.
VTB purchases the Moscow city government’s stake in Bank of Moscow
VTB purchased a 46.48% stake in Bank of Moscow (BoM) and a 25%+1 share in SSG (which controls 17.3% of BoM) from the city’s government on Tuesday, Vedomosti reports.
VTB paid RUB 103bn for the stake, implying a RUB 203bn valuation for the whole bank – a 14% increase over the city’s previous valuation of RUB 178bn, but below the RUB 240-280bn target announced by BoM President Andrei Borodin on Monday.
Situation around Bank of Moscow escalates
The Bank of Moscow (BoM) board of directors canceled its decision to re-elect its president at a shareholders meeting on 4 March, Vedomosti reports. The board selected 3 May for the AGM, during which a new president is to be elected.
Two candidates are listed: current president Andrey Borodin, and his deputy, Dmitry Akulin, thus ignoring VTB’s candidate, Mikhail Kuzovlev.
| DJIA® | 12 811.32 | +0.00 (0.00%) |
| Nasdaq | 2 895.59 | +0.00 (0.00%) |
| S&P 500 | 1 377.51 | +0.00 (0.00%) |
| Shanghai | 2 068.25 | -3.26 (0.16%) |
| Nikkei 225 | 8 757.60 | -79.55 (0.90%) |
| Hang Seng | 21 430.34 | -136.57 (0.63%) |
| FTSE 100 | 5 776.05 | +0.00 (0.00%) |
| CAC 40 | 3 407.68 | +0.00 (0.00%) |
| RTSI | 1 409.67 | -0.60 (0.04%) |
| MICEX | 1 408.02 | +0.23 (0.02%) |
| USD/RUB | 31.51 | +0.21 (0.68%) |
| EUR/RUB | 40.22 | -0.06 (0.14%) |
| EUR/USD | 1.28 | -0.01 (0.81%) |
| GBP/USD | 1.60 | -0.00 (0.27%) |
-
Mechel Starts Rail Rolls Production At Chelyabinsk Site
Friday, Jun 14, 2013 at 1:30 pm -
Mechel Signed Agreement With Sha Steel Group
Wednesday, Jun 12, 2013 at 10:10 am -
Vladimir Lisin re-elected as the Chairman of NLMK’s Board of Directors
Tuesday, Jun 11, 2013 at 12:30 pm -
Russia Overrides Peru in IMD World Competitiveness Ranking of 2013
Tuesday, Jun 4, 2013 at 9:30 am -
EuroChem Reports IFRS Financial Information for Q1 2013
Thursday, May 23, 2013 at 10:20 am
-
Rapaport Cautions Trade To Reject Unsustainable Rough Prices
Tuesday, Jun 4, 2013 at 1:00 pm -
NLMK Appoints Konstantin Lagutin as Vice President for Investment Projects
Monday, May 27, 2013 at 11:30 am -
FESCO announces pricing of $800 million dual-tranche senior secured notes
Wednesday, Apr 24, 2013 at 1:42 pm -
EVRAZ Q1 2013 Production Report and Interim Management Statement
Monday, Apr 22, 2013 at 1:46 pm -
VIZ-Steel implements energy-efficient technologies
Tuesday, Apr 9, 2013 at 10:20 am
