Vozrozhdenie bank may be sold to Russia’s richest official

By Andrei Skvarsky.
 
Russian bank Vozrozhdenie is planning a sellout to Vladimir Kogan, who, according to his 2010 incomes declaration, is Russia’s wealthiest official.
 
The Moscow-based lender is in talks on the potential deal with Kogan, according to Russian daily Vedomosti.
 
Kogan, the 48-year-old director of the construction department at the Regional Development Ministry, spent more than 10 years in the banking sector, heading and co-owning the former St Petersburg Banking House.
 
He earned nearly 821m rubles ($25m) for 2010, according to a declaration posted on his ministry’s website. He owns five apartments, two houses, one of them in Cyprus, four expensive cars and three small boats.

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