Renaissance Capital and Kotak Mahindra Bank have been partners
December 16, 2009 – 11:42 am Russia investment bank Renaissance Capital, half-owned by billionaire Mikhail Prokhorov, and Indian Kotak Mahindra Bank concluded a cooperation agreement, passes Bloomberg.
The companies plan to provide advisory services on mergers and poglasheniyu in the emerging markets of India, Africa and CIS.
“Since 2010, we expect growth in international transactions in emerging markets, including those between Indian and Russia’s, as well as between Indian and African companies,” – said in a statement, Stephen Jennings (Stephen Jennings ), CEO of Renaissance Capital.
based in Mumbai Kotak Mahindra Bank belongs to the Indian millionaire Udeyu Kotak (Uday Kotak), and took 3rd place in the ranking of consultants on corporate mergers in the country. In 1995, 25% stake in the bank acquired Goldman Sachs. In 2006, in connection with the beginning of its business in India, the U.S. giant has sold its stake in the company.
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