BM-the Bank will sell the cinema chain Kinomax”

BM Bank, formerly known as the Bank of Moscow plans to sell cinema chain in the framework of the sale of non-core assets. About this “Interfax” reported in a press-service VTB, which includes BM Bank.

The credit organization said that the Board of Directors of BM-Bank on September 7, will consider the question of assignment of rights (claims) to “Cinemas and its subsidiaries. “Selling takes place in the framework of non-core assets of the Bank in accordance with the plan,” the company explained.

PJSC “BM Bank” is a Bank formed as part of the process of reorganization of OJSC “Bank of Moscow”. The main shareholder of the Bank is VTB Group (94,84%).

“Cinemas” — a network of cinemas, working in Moscow, Kazan, Orenburg, Yekaterinburg and Izhevsk.

The theater chain is not the only non-core asset offered VTB to sell. In March 2016, the credit institution was put up for sale swimming pool “Chaika”.