While consolidating a 100 per cent stake in JSB ORGRESBANK, Nordea has increased its Russian subsidiary’s equity capital by 3.8 billion rubles.
Such increase was through an additional rights issue totaling 18664 shares and at an offering price of 206384 rubles apiece. The nominal value of each share amounted to 10000 rubles.
Thus, the Bank’s share capital is now 1.01 billion rubles and its IFRS equity as of April 1, 2009 is 23.3 billion rubles.
The deal on acquisition by Nordea Group of the Bank’s remaining stake was completed on May 6, 2009.