Rus News Journal

Top - managers do not sell Rosbank

Despite the high price offered Societe Generale for the actions minoritariev of Rosbank while few of them have wished to sell the packages. Thus that a top - managers of bank own almost 12 % of papers, proprietors have responded to the obligatory offer of the supervising shareholder on the repayment only 0,889 % of actions. According to analysts, minoritarii have wished to keep the packages pending even more favourable offer of the French group.
on Rosbank site past Friday there was a message on sale its top - managers of 0,889 % of actions within the limits of the offer exposed Societe Generale in March after acquisition of control over Rosbank. Its share capital left the first vice-president of board Vladimir Golubkov (0,2595 %), the first vice-president George Zabolotsky (0,4685 %), the vice-president of board Larissa Dolotova (0,1576 %). The vice-president of board Sergey Degtyaryov has reduced the share from 0,0044 % to 0,001 %. An analyst Uralsiba Leonid Slipchenko has estimated cost of a package sold a top - managers of actions in $50 million

According to magazine - Money for January, 1st, 2008 Rosbank occupied 11 - e a place on the size of own capital (35,2 mlrd rbl.) and 8 - e a place on the sum of a net wealth (386,2 mlrd rbl.) . Shareholders of Rosbank are (without last transaction): Societe Generale (50 % plus one action), Cyprian a daughter Joint-Stock Company KM - Invest KM Technologies (38,36 %), a top - managers of bank and market investors (11,64 %).

Societe Generale suggested shareholders to sell actions of bank at the price of 194,09 rbl. ($7,87) for a paper. In day of exhibiting of the offer on March, 4th Rosbank stock value on the Moscow Interbank Stock Exchange has made 186,8 rbl. for a paper ($7,77), on RTS with Rosbank actions that day one transaction at the price of $7,82 for a paper has been concluded. A tax of the demand for the offer it was possible till May, 12th. Following the results of the auctions for this date on the Moscow Interbank Stock Exchange of the action of Rosbank 185 rbl. ($7,74 at a Central Bank rate), on RTS - $7,5 cost. Thus, within the limits of the offer Frenchmen have offered for actions the price above the market.

despite the favourable price offered Societe Generale, the most part minoritariev has preferred to keep the actions. Such position minoritariev has surprised analysts. Papers have been estimated above the market, such possibility hardly could be presented the second time, besides sell them in the market it would be difficult enough in connection with low liquidity - a deputy head of analytical department " speaks; Sovlinka Olga Belenkaja. In its opinion leave actions at itself costs of papers of Rosbank counting on increase in connection with its further development by the new shareholder could minoritarii.

under other version, desire bolshej parts minoritariev keep Rosbank actions could to be caused expectation of the new offer from party Societe Generale. Under the information offer Societe Generale has not used KM Technologies. Probably, managers of bank hope that Frenchmen as a result will agree with KM - the Investment ohm about sale of actions then the basic shareholder again will expose the offer which conditions can be more favourable previous - Leonid Slipchenko considers.

Adjusted totals of current offer Societe Generale become known only in the end of May. As have informed in a press - service Societe Generale, within 15 days after the termination of gathering of demands for the offer (on May, 12th) shareholders can submit the order about a transfer of stock. Only after this term Societe Generale can confirm quantity of actions. Disclosing of the information by Rosbank was spent in connection with changes in structure of shareholders.