History
On June 23, 2015 the ExpoBank completed accession[1].
The ExpoBank purchased 84.66% of IAC Bank at diamond-mining company "ALROSA" which within program implementation on an exit from non-core assets and concentration on core business offered this packet for sale and since summer of 2013 conducted negotiations with potential buyers. In the fall of the 2014th the Bank as the transaction was not approved by the Central Bank did not manage to purchase IAC-Bank Growth. The Yakut Almazergienbank was a potential competitor of ExpoBank on purchase of this packet also.
Announced closing of the transaction on purchase of 84.66% of ExpoBank IAC Bank at the beginning of March, 2015. The remained share, apart from an insignificant packet of minority shareholders, appeared behind IAC Bank. According to the Central Bank of the Russian Federation for April 8, 2015, the ExpoBank possessed 100% of IAC Bank. In March, 2015 the procedure of consolidation of banks began.
Notes
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