New Growth Fund became a co-owner of URSA Bank
The New Growth Fund, a private equity fund managed by Troika Capital Partners (a division of the Troika Dialog Group of Companies), has acquired a minority stake in URSA Bank's ordinary shares from the SM Group, said Igor Kim, Chairman of the Board of Directors of URSA Bank. “We signed an agreement with Troika Dialog on the sale of 7.94% of the bank's shares,” added Oleg Kirillov, CEO of SM Group, noting that SM Group remains a shareholder of URSA Bank with an 11% stake in its shares.