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Otkritie Capital International Limited has been fully transfered to new owner “Concern Rossium” Group and changed it’s name to Sova Capital Limited

27 Feb 2018

After receiving all the necessary legal and regulatory approvals, full legal ownership and control of Otkritie Capital International Limited (OCIL) has now fully transferred to the new owner, Despacio Associates Ltd, a wholly owned subsidiary of the “Concern ROSSIUM” group.

“The strength and stability of ROSSIUM’s position on the market together with a high level of expertise of the OCIL team will strengthen the company’s competitive advantages and provide opportunities for further development with an ambition to build a strong international brand on the financial market”, said Sergey Sukhanov, CEO of OCIL.

Commenting on the closing of the deal, the beneficiary of ROSSIUM, Roman Avdeev said: “As we reported earlier, the purchase of Otkritie Capital is a part of the development strategy for the Group of Companies in the field of investment business and strengthening its position in the financial services market.”

OCIL will continue to operate within the framework of existing agreements with customers, counterparties and exchanges. The organic integration into the financial structure of the Group of Concern “ROSSIUM” will further strengthen and develop the company’s business and improve its product offering in accordance with its strategy.

As part of the integration process it has been decided to change the name of OCIL to SOVA CAPITAL LIMITED.