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Acquisition of 30% + 2 shares of Rosbank by Socit Gnrale finalized
SocGen purchased first 10%-stake in Rosbank for $317 mln. in June 2006 with Interros granting SocGen a call option on 30% + 2 shares of Rosbank to gain control before end of 2008.

We are satisfied with the successful conclusion of the deal with Societe Generale which will become a good precedent for the Russian market. We highly appreciate the synergetic effect of the deal, since on the one hand the alliance with the Societe Generale opens for Rosbank an access to the international capital market and on the other hand it will help Rosbank’s team to focus on development of retail operations and its regional network", said Andrey Klishas, Director General of Interros.