Industrialbank intends to issue shares for the purpose of conversion of shares of the Express Bank in the framework of the merger of two financial institutions. The Bank is reported in the information disclosure system of the National Commission on securities and stock market (NKTSBFR), writes FinClub.

The Bank’s shareholders at the meeting on 4 December will consider the matter and approve the transfer act.

“The issue of shares for the purpose of conversion of shares of the Express Bank (as the acceding Bank) in stock Industrialbank (as the successor Bank)”, – is spoken in the agenda of the meeting.




Industrialbank has developed a scheme of merger with the Express Bank 27.11.2017

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