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PPF Group May Sell Nomos Bank to FK Otkrytie, Kommersant Says

OOO FK Otkrytie may acquire 19.9 percent of Nomos Bank (NMOS) for 12.8 billion rubles ($406 million), Kommersant newspaper reported, citing unidentified persons with knowledge of the plan.

PPF Group NV plans to sell a 26.5 stake in the Moscow-based bank, and Russian billionaires Alexander Mamut and Oleg Malis may buy rest of the Nomos’ shares from PPF, newspaper said.

To contact the reporter on this story: Anatoly Temkin in St. Petersburg at atemkin@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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