Severgroup announces completion of Metcombank sale

Severgroup, a private investment company that manages the assets of Alexey Mordashov, announces that the Company has completed the sale of PAO Metcombank («the bank»), the largest commercial bank of the Vologda region, and one of the leaders in the Russian car loan market, to PAO Sovcombank. All the necessary approvals of the deal have been received from the regulatory authorities.