OREANDA-NEWS  On 19 September OJSC "Financial Corporation URALSIB" announced that it had acquired 4.1% of BANK URALSIB (URALSIB or Bank) (RTS: USBN) minority stake, earlier belonging to the Republic of Bashkortostan.

The share of OJSC "Financial Corporation URALSIB" in the Bank's share capital has changed from 48.9% to 53.0%. The corresponding record was made in the shareholder register of the issuer on September 5, 2008.  At present all companies of the Financial Corporation URALSIB own in aggregate 94.6% of the Bank's share capital.

In accordance with the current Russian legislation the majority shareholder is not obliged to buy out shares of other minority shareholders after the deal completion.