EAST CAPITAL EXPLORER FINANCIAL INSTITUTIONS FUND REACHES AN AGREEMENT TO PARTICIPATE IN AN ANNOUNCED SHARE ISSUE TO ACQUIRE 19.99% OF AKIBANK IN TATARSTAN, RUSSIA
The East Capital Explorer Financial Institutions Fund has reached an agreement with the shareholders of AKIBank on the purchase of shares totalling 19.99% of the bank’s share capital through a new share subscription, for a purchase price of approx. 12 MUSD. The transaction shall be completed upon receipt of approval from the Central Bank of Russia.” We look forward to East Capital’s participation in the Bank’s capital. The expertise and support that East Capital’s specialists can provide will allow the bank to continue its favourable development and further strengthen its position in the