Sovcombank will buy Home Bank in two stages. First, 51% of Home Bank's shares will be acquired in exchange for Sovcombank's shares. Volume of the additional issue will amount to 5% of the authorized capital. Second stage will 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 and beginning of 2025.
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