SovComBank (SCB) will acquire the Home Credit Finance Bank (HCF Bank) in a largely non-cash deal, as 90% of the acquisition will be financed by the additional share issue of SCB, Kommersant daily reports. As followed by bne IntelliNews, previously only 51% of the deal were planned to be financed by SCB’s share issue. “The change of conditions [to a non-cash deal] will allow for a more effective use of the capital and net profit of both banks for fast growth of Sovcombank group”, SCB representatives told Kommersant. HCF Bank could receive up to RUB33bn in SCB’s newly issued shares (about 1.9bn …