Sovcombank's shareholders approved an additional issue of 1,173,000,000 shares for the purchase of Home Bank. Transaction will take place in two stages. First, a 51% stake in Home Bank will be acquired in exchange for Sovcombank shares. Second stage should take place by the end of 2024. It will include the acquisition of the remaining 49% of Home Bank shares, paid in cash with installments until the end of 2024-early 2025.
Sovcombank's shareholders approved an additional issue of 1,173,000,000 shares for the purchase of Home Bank. Transaction will take place in two stages. First, a 51% stake in Home Bank will be acquired in exchange for Sovcombank shares. Second stage should take place by the end of 2024. It will include the acquisition of the remaining 49% of Home Bank shares, paid in cash with installments until the end of 2024-early 2025. 
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