Government bodies are to approve the purchase in compliance with the acting legislation. The transaction is expected for final confirmation in the final quarter-year, the Capital Management says in today's press release.
Foreign strategic investors are ambitiously emerging in Russian economic branches outside mineral extraction, points out Kirill Dmitriev, Delta Capital Management executive director.
The GE Consumer Finance is sure it has found a lucrative platform for a rapid and essentially important appearance in the Russian consumer crediting market, with its sweeping progress and tremendous potential, says David Nissen, GE Consumer Finance president and executive manager.
It acquired the DeltaBank after this week's two other spectacular transactions, on which the Heineken giant purchased a Russian-based brewery, and the Franco-Spanish Altadis group Russia's tobacco factory Balkan Star.
Specializing in consumer loans, the DeltaBank was established in 1997. The U.S.-Russia Investment Fund has been its major holder since August 2000. At present, the bank has affiliates in seven Russian regions. Its capital has reached $33 million by this mid-year.
