Already a Bloomberg.com user?
Sign in with the same account.
(Updates with closing share price in second paragraph.)
Oct. 5 (Bloomberg) -- Bank Vozrozhdenie rose the most in more than a week after Vedomosti reported former Promstyroybank owner Vladimir Kogan wants to buy the regional lender, citing unidentified people with the knowledge of the talks.
The shares jumped 5 percent higher at 719.9 rubles by the the 6:45 p.m. close in Moscow, the biggest gain since Sept. 26.
“Though this story is unconfirmed, we think it’s worth staying tuned for further developments on the M&A theme, as M&A may become a positive catalyst for the stock price,” Svetlana Kovalskaya, an equity analyst at Renaissance Capital, wrote in an e-mailed report today.
--Editors: Ana Monteiro, Peter Branton
To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org