Promsvyazbank completed the acquisiton of SMP Bank.

Synopsis

Promsvyazbank, a a state-owned bank, completed the acquisiton of SMP Bank, a commercial private bank. Financial terms were not disclosed. Promsvyazbank was targeted with Western sanctions this year over Russia's actions in Ukraine.

Principals

target

Smp Bank

bidder

Promsvyazbank Pjsc

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Market Context

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Seller Team (1)

boris rotenberg

Co-Owner at SMP BANK

Manager

target

Deal

n/a

Total Value

Bidder Team (1)

peter fradkov

Chairman and CEO at PROMSVYAZBANK PJSC

Manager

bidder

Deals

n/a

Total Value

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