Government sells controlling stake in Soyuzpushina to Zenit Bank

The Russian state property fund (RFFI) has sold more than 4.8 million shares or 58.3% of the authorized capital stock of Soyuzpushina for USD 3.7 million. According to the RFFI press service, Zenit Bank won a controlling interest in Soyuzpushina, which is the only open-joint stock company in Russia that sells fur items.

Zenit Bank Vice President Andrey Serov told Rosbalt that the bank issued the credits for the sale of Soyuzpushina shares and, therefore, received the controlling interest.

For the time being, the bank is not making public plans for the development of Soyuzpushnina. 'Soon there will be a shareholders meeting, where the company's development strategy will be announced,' said sources in Soyuzpushnina.

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