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December 22, 2006
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Friday
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Ziqa’ad 30, 1427
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Takeover
MOSCOW, Dec 21: One of the biggest Russian investment banks, Aton, has agreed to be taken over by the Italian banking group UniCredit for $424m, the Russian firm said on Thursday."Aton Capital Group announces today that it has entered into an agreement to sell 100pc of its institutional business, which includes ZAO Aton roker and Aton International Ltd, to Bank Austria Creditanstalt, a member of UniCredit Group, for $424m in cash," a statement said.—AFP
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