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Baring Vostok intends to challenge the court decision on the sale of 9,99% of Vostochny shares to Finvision Holdings - EastRussia | Far East

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Baring Vostok intends to challenge the court decision on the sale of 9,99% of Vostochny shares to Finvision Holdings

Baring Vostok intends to challenge the court decision on the sale of 9,99% of Vostochny shares to Finvision Holdings
Photo: pixabay.com

Baring Vostok intends to challenge the decision of the Amursky Arbitration Court, which ordered the company to sell 9,99% of Vostochny Bank shares to Finvision Holdings, owned by another bank shareholder, Artyom Avetisyan. About it сообщает TASS.

According to a company representative, “in fact, the Amur court refused to listen to the arguments of the respondent and representatives of the Vostochny Bank and turned the invalid option into a valid obligation.” Baring Vostok intends to appeal the court decision in the near future.

Earlier, the Amur Arbitration Court upheld the claim of Artem Avetisyan, who insisted on the immediate execution of the call option with respect to the Vostochny Bank. This is not the first decision made in favor of Finvision Holdings. 5 June 2019 year trial banned to carry out any actions to place an additional issue of shares on 5 billion rubles. This measure was prescribed by the Central Bank to support the level of capital of the organization.