“Eastern”, the former bank of the Opt investor from the USA, the founder of the Baring Votok Investment Fund of Michael Kalvi, has cheaper cheaper sharply during the sale of the new owner – Sovcombank, writes RBC.
In the course of the acquisition of the “Eastern” Sovcombank, an offer to buy an offer to the purchase of shares by minority owners of the credit institution at a price of 0.0137 rubles per piece. It follows from this that the entire bank was fully estimated at 11 billion rubles.
At the same time, the capital (own funds – made by shareholders money and the accumulated profit of past periods) “Eastern” as of the beginning of April was 24.6 billion rubles. Thus, the entire bank is estimated less than half the cost of capital.
The transaction for buying a controlling package “Eastern” Sovcombank was closed in April. The main shareholder of the acquired bank was then the company Artem Avetisyan “Finvizhn”, which previously implemented the right to buy 10 percent in Calvi.
Since 2019, East is located in the center of the corporate conflict, against which Kalvi and five more top managers Baring Vostok were accused of the embezzlement of funds from the shareholders of Eastern. The court on them continues until now.