The board of directors of the European Bank for Reconstruction and Development approved on June 1 the acquisition of an 11 percent common share packet in Roseurobank, the international financial organization said in its materials Thursday.
The EBRD will acquire shares that are part of an additional share issue, as well as purchase shares from existing shareholders.
Individual shareholders own 84 percent in the bank's charter capital, while the remaining stock is held by Germany's DEG and Renaissance Investment Management. The EBRD earlier partnered with Roseurobank by giving it loan funds.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
