The Federal Antimonopoly Service granted the application of Onexim Holdings Ltd for the acquisition of the right to direct the business of CB Renaissance Capital, the regulatory body informed.
Onexim Holdings received this right following the acquisition of more than 50% of the voting shares in Renaissance Capital Investments Limited and increasing its stake in this company to 100%.
CB Renaissance Capital LLC (employing the Renaissance Credit brand, tax number: 7744000126) is part of the Renaissance Credit group along with the bank Renaissance Capital Ukraine. The bank was established in 2003. The bank's activity covers 61 Russian regions. The Renaissance Credit group is part of the group of companies Renaissance.
IFRS net profit of Renaissance Credit for 9 months 2012 was RUB 2.2 billion increasing by 22% year-on-year.
Onexim Group is one of the largest private investment funds in Russia, focusing on investments in metals and mining, financial services, media, real estate, innovative power and nanotechnology projects.