Information from our parent company: PPF Group and Nomos-Bank have undertaken further steps in their cooperation
Amsterdam, 02/01/2008
PPF Group N.V. ("PPF Group") and NOMOS-Bank, rated Moody's Ba3/NP/D-, Fitch B+/B ("Nomos") are pleased to inform they are taking their cooperation announced in 2007 into new levels, in order to further enhance the shareholder value of Nomos.- PPF Group will focus on its core business competitiveness to act as an active and responsible financial investor. PPF Group, currently holds 17,69% stake in Nomos through Russia Finance Corporation B.V. (RFC) and intends to hold a significant minority stake in Nomos in the future.
- All the current holdings of PPF Group in Nomos held through the company RFC has been transferred from Home Credit B.V. ("HCBV") directly to PPF Group.
- The further increase of PPF Group ownerships in Nomos is subject to regulatory approval and is expected to be finalized in the first half of 2008.
Notes to Editors:
About PPF Group
PPF Group is an international financial group of companies, which has interests in insurance and consumer finance, and provides complex asset management services. During its 16 years in business, PPF Group has become a leading international financial investor, managing assets of over EUR 8.7 billion as at 30 June 2007. PPF Group has its corporate ownership and decision making structure based in the Netherlands. The group’s key holding company that defines strategic decisions regarding the entire group's activities is the Amsterdam-based PPF Group N.V.
Transaction background
On 17 May 2007, PPF Group and Nomos-Bank have announced their plans to join forces in Russia, following the regulatory and antitrust approvals. During 2007, PPF Group gradually acquired up to 17,69% its stake in Nomos via Russia Finance Corporation, associated with Home Credit B.V. All the current holdings of PPF Group in Nomos-Bank had been transferred from HCBV directly to PPF Group. The transfer from HCBV to PPF Group is neutral from HCBV perspective. Based on detailed financial markets analysis creation of universal banking group between Nomos and PPF Group’s Home Credit & Finance Bank, (rated Moody's Ba3/NP/D-, S&P B+/B) is not further planned.
For more information, please contact us on:
Alexej Bechtin
PPF Spokesperson
Tel: (+420) 224 559 033
E-mail: bechtin@ppf.cz
Marketa Mühlhoferova
PPF Head of Investor Relations
Tel: (+420) 224 559 174
E-mail: muhlhoferova@ppf.cz
Jiri Hajek
PPF Director for Marketing and Communication
Tel: (+420) 224 559 027
E-mail: hajek@ppf.cz
Important notice:
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02/01/2008
