14 сентября 2015 14:40Bloomberg (bloomberg.com)

UralSib in Talks With Alfa, BCS to Sell Asset Management Unit

Статья с упоминанием УК «Альфа-Капитал»,

UralSib Financial Corp. may sell some divisions, including its asset-management division, to raise money as the bank recapitalizes amid Russia’s first recession since 2009.

BCS Financial Group and Alfa Capital both said Monday they are in talks to buy the asset-management business. UralSib is considering the sale of some assets to raise money, the bank’s press service said by e-mail, while declining to identify potential buyers.

Russian banks are undergoing a wave of consolidation as the industry has been shaken by increased interest rates, sanctions targeting some lenders and the collapse of oil prices and the ruble. In July, Promsvyazbank PJSC reached a deal to buy Bank Vozrozhdenie PJSC and B&N Bank PJSC acquired MDM Bank PJSC.

BCS spokesman Mark Sherman said by phone that talks with UralSib to buy the asset management arm are ongoing. Kommersant reported earlier that BCS was using OOO Azimut, an investment vehicle, to buy 81 percent of the business. A press officer from Alfa Capital also said it’s in talks with UralSib to buy the unit as it aims to expand its retail business.

UralSib has boosted its capital by 17.6 billion rubles ($260 million) this year, including 15.2 billion rubles in August from the bank’s largest shareholder and chairman of its supervisory board, Nikolay Tsvetkov.

UralSib Financial Corp. may sell some divisions, including its asset-management arm, to raise money as the bank scrambles to recapitalize amid Russia’s first recession since 2009.

BCS Financial Group and Alfa Capital both said Monday they are in talks to buy the asset-management business. UralSib is considering the sale of some assets to raise money, the bank’s press service said by e-mail, while declining to identify potential buyers.

Russian banks are undergoing a wave of consolidation as the industry has been shaken by increased interest rates, sanctions targeting some lenders and the collapse of oil prices and the ruble. This summer, Promsvyazbank reached a deal to buy Vozrozhdenie and B&N Bank acquired MDM Bank.

BCS spokesman Mark Sherman said by phone that talks with UralSib to buy the asset management arm are ongoing. Kommersant reported earlier that BCS was using OOO Azimut, an investment vehicle, to buy 81 percent of the business. A press officer from Alfa Capital also said it’s in talks with UralSib to buy the unit as it aims to expand its retail business.

UralSib has boosted its capital by 17.6 billion rubles ($260 million) this year, including 15.2 billion rubles in August from the bank’s largest shareholder and chairman of its supervisory board, Nikolay Tsvetkov.