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29/05/2014
13:05
M&A: Rosoboronexport acquires 23.63% of Novikombank shares

On May 27, JSC Rosoboronexport joined the shareholding structure of Novikombank acquiring 23.63% of the bank shares, Novikombank informed.

Besides, state-owned corporation Rostec (Rosoboronexport's parent company), increased its equity stake in the bank to 20.9% from 17.6%.

JSCB Novikombank (tax number: 7706196340) established in 1993 focuses on the financing of Russian industrial enterprises including the military-industrial complex and the automotive industry as well as high-tech industries.

JSC Rosoboronexport (tax number: 7718852163) is Russia's only state-owned exporter of the whole range of military and dual-use end products, technologies and services. Rosoboronexport's special status ensures guaranteed state support of all its operations. The company accounts for more than 80% of exports of armament, military machines and equipment from Russia. Through Rosoboronexport, Russia maintains military and technical cooperation with more than 70 countries of the world.




"AK&M", 29.05.2014

 

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