PPF Group and NOMOS-BANK have undertaken further steps in their cooperation
PPF Group N.V. (“PPF Group”) and NOMOS-Bank, rated Moody’s Ba3/NP/D-, Fitch B+/B (“Nomos”) are pleased to inform they are taking their cooperation announced in 2007 into new levels, in order to further enhance the shareholder value of Nomos.
- PPF Group will focus on its core business competitiveness to act as an active and responsible financial investor. PPF Group, currently holds 17,69% stake in Nomos through Russia Finance Corporation B.V. (RFC) and intends to hold a significant minority stake in Nomos in the future.
- All the current holdings of PPF Group in Nomos held through the company RFC has been transferred from Home Credit B.V. (“HCBV”) directly to PPF Group.
- The further increase of PPF Group ownerships in Nomos is subject to regulatory approval and is expected to be finalized in the first half of 2008.