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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: MarketLine (a Datamonitor Company)
Provider: Investcafe

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AKB Bank Moskvy OAO Creates New Company by Acquiring Citybike-Prime

Tuesday, 29 Jan 2013 05:21am EST 

Prime reported that AKB Bank Moskvy OAO has created a company for a project to organize bike rental in the capital, the Bank said. Federal Antymonopoly Service (FAS) allowed the Bank to acquire 100% shares of Sitibayk ZAO (Citybike) dealing with rental equipment and equipment for leisure and recreation. Citybike is created by bank by AKB Bank Moskvy OAO to be used in the project of bicycle rental organization in Moscow. Further details were not disclosed. 

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-27.0 -3.00%
8:59am EDT