BA-CA signs an agreement to acquire the Russian broker ATON

Bank Austria Creditanstalt (BA-CA), a member of UniCredit Group, has today signed an agreement to acquire the institutional business of Aton Capital Group, a Russian Investment Bank, which includes ZAO Aton Broker and Aton International Ltd (together the “the Aton Institutional Business”) for a purchase price of US$424 million.

”We are excited to welcome Aton to UniCredit Group´s Markets & Investment Banking Division. Aton´s capital markets franchise will enhance our already strong banking presence in Russia. Together with IMB we have now a powerful platform to serve our global and Russian customers. With Aton we increase our leadership in EEMEA investment banking”, says Willi Hemetsberger Head of Global Markets of UniCredit Markets & Investment Banking.

“I believe that being part of the UniCredit Group will enhance the growth and development of the Aton Institutional Business and provide greater opportunities for its clients”, says Yevgeny Yuriev, President of Aton Capital Group.

Aton Capital is among the top 5 investment banks in Russia. The company, which has so far been owned by its founders and management, has approximately 275 employees. Aton,  currently operates in Moscow, London, New York, Frankfurt and Cyprus and is active in Equity and Fixed Income and Corporate Finance Advisory.

Completion of the transaction is subject among others to regulatory approvals. The Aton-Line discount brokerage and Aton asset management businesses are not part of the transaction and will remain wholly owned by Aton Capital Group.