Takeover of competition

Novaya Gazeta This article discusses the negative effects that the sale of the Bank of Moscow caused, the main one being reputational damage, which in turn results in the withdrawal…

Bank of Moscow mounts takeover defence against VTB

Reuters Bank of Moscow, Russia's No.5 bank by assets, mounted a takeover defence against state-controlled VTB on Friday by seeking to reverse a decision to propose a VTB executive as…

Bypass the law with the aim to save

Stringer.ru This article looks at the way VTB, with an active involvement of Michael Kuzovlev, was trying to buy shares in Bank of Moscow. It discusses the methods they used…

Bank of Moscow May Replace CEO Borodin Before Stake Sale

Bloomberg Bank of Moscow’s board may this week set a date for a shareholder vote on replacing Chief Executive Officer Andrei Borodin as Russia’s capital city government considers selling its…

Goldman Sachs, CS buy stakes in Bank of Moscow

Reuters Major international banks Goldman Sachs and Credit Suisse have bought small stakes in state-run Bank of Moscow, an encouraging sign for Russia as it considers a broader sale of…