Bank Rossiya Targets Bank Saint Petersburg, Kommersant Reports

OAO Bank Rossiya, controlled by Yury Kovalchuk, is in talks to buy shares of Bank Saint Petersburg from its largest shareholder, Alexander Savelyev, with a view to taking control, Kommersant reported, citing an unidentified person close to Bank Rossiya.

At present there is no controlling shareholder at Bank Saint Petersburg and Savelyev wants to sell his 30 percent stake, the newspaper said.