The Service of the Commission for the Protection of Competition, at the 27th of January 2009, received a notification of a proposed concentration according to Article 13 of the Control of Concentration between Enterprises Law (Number 22(I)/99), concerning an agreement by which 50% minus half a stock owned by Renaissance Capital Holdings Ltd will now be transferred to Renaissance Financial Holdings Ltd the rest of the issued share capital will be owned by Onexim Holdings Ltd.
Renaissance Capital Holdings Ltd operates in the financial services sector.
Onexim Holdings Ltd is involved in several sectors mainly in Russia like real estate, production of energy, Media, High Technology, financial services and the production of basic metals.