ONEXIM Group announces the acquisition of MC Rosbank by its management
ONEXIM Group announces the acquisition of 100% shares of LLC Management Company Rosbank by the company management. The deal will come into effect only after the receipt of the corresponding permission by the Russian Federal Antimonopoly Service and may be completed in the first quarter of this year. Within the contract scope the representatives of ONEXIM Group will exit from the Board of Directors of the MC Rosbank.
“In current market situation we made our decision to correct the development strategy of the financial unit of the Group. We will continue the development of MFK project on the basis of APR-Bank, however in the nearest future we are not planning to develop the “asset management” direction which is the main business of MC Rosbank”, stated Dmitry Razumov, the General Director of ONEXIM Group .
“MC Rosbank holds the leading positions on the Russian market of asset management. We know the company and its strengths quite well, we have a clear development strategy and a professional team”, said Sergey Koshelenko, member of the Board of Directors of MC Rosbank .
Additional background information:
ONEXIM Group, a private investment fund, holds a diversified portfolio of investments in the mining, metallurgical, energy sectors, including hydrogen power engineering and nanotechnology, as well as in financial services, media, and real estate.
MC Rosbank was founded in 2001 and is a Top 10 management company at Russia’s pooled investment market; manages assets for institutional and private investors. MC Rosbank manages 4 open and 2 interval mutual investment funds. The company also manages pension savings and reserves of non-government pension funds, assets of insurance companies and earmarked capital of the endowment of one of Russia’s largest higher education establishments. In 2005, the National Rating Agency assigned MC Rosbank the highest individual rating of ÀÀÀ+ (top reliability). The RBK. Rating agency named MC Rosbank the best management company in 2007 and H1 2008. The MC Rosbank management team is among the best at the Russian market of pooled investments, as evidenced by a successful track record of the company’s mutual investment funds, the managers’ high positions in ratings compiled by the leading business publications, as well as multiple national financial awards won by them.