Nordea Increases Russian Wealth Management Exposure With Stake in Local Bank

Banking and credit rating analysts have welcomed the move by Nordea to take a 75 per cent stake in Russia's Orgresbank for $313 million. The deal is part of the Nordic banking group's plan to capitalise....

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By: Jason Corcoran
November 10, 2006
Banking and credit rating analysts have welcomed the move by Nordea to take a 75 per cent stake in Russia's Orgresbank for $313 million. The deal is part of the Nordic banking group's plan to capitalise....