Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Inkombank Stake

MOSCOW -- The European Bank for Reconstruction and Development is planning to acquire 10 percent of Inkombank next year, a bank press release said.

Previously, Inkombank had been in talks with the German bank West L.B. on selling a 10 percent stake, but the talks broke down last summer when the two sides could not agree on the conditions of the buyout.

Currently, Inkombank's principal shareholders include AO Magnitogorskaya Stal, AO Babayevskoye, AO Nizhnetagilski Metallurgical Combine, AO NAFTA-Moskva and AO Irkutsk aviation enterprise association.