Sovcombank has completed accelerated book building, during which the majority shareholder of MKAO Sovco Capital Partners and some key managers reduced their share ownership of the bank's shares. This is stated in the bank's message.
During the accelerated book building, Sovcombank shares were acquired by both existing shareholders, including institutional and retail investors, and new investors, including the bank's customers.
As a result, the combined share of Sovco, the bank's management, their affiliates, strategic investors and other shareholders holding 5% or more of the bank's shares has been reduced and now amounts to less than 90% of the bank's capital.
Sovcombank PJSC is a universal bank with assets of 1.6 trillion rubles under IFRS. It is included in the list of systemically important credit institutions (NWCS) of the Bank of Russia. The Bank serves 8.3 million individuals, including 7.6 million borrowers and more than 500 thousand depositors.
The net profit of Sovcombank PJSC for 2023 according to IFRS amounted to 95 billion rubles (4.6 rubles per 1 share), including: regular net profit – 62 billion rubles; irregular net profit – 33 billion rubles.
More news is on the Telegram channel "Mergers and Acquisitions. AK&M».
