Getin to buy a controlling stake in Russia's Carcade

The investment will be financed with funds raised during its last share issue and if the Federal Anti-monopoly Office of the Russian Federation gives the transaction a green light, Getin will become the sole owner of the leasing company. Carcade controls 12% of the foreign car leasing market in Russia and employs 300 people in 30 branches. Getin is strengthening its presence on the Eastern markets, having also recently signed an agreement for the purchase of Prikarpattya bank in Ukraine. It has not excluded that the holding will also develop leasing services through Carcade in this country, and for the time being the financial institution is not planning to develop more prestigious services for wealthy clients on the Eastern markets like it did with Noble Bank in Poland. (Puls Biznesu, p. 13) A.K.