DGAP-News: Sberbank of Russia Agreed on Main Terms of Acquisition of Volksbank International with its Shareholders
ID: 441825
Sberbank of Russia Agreed on Main Terms of Acquisition of Volksbank
International with its Shareholders
15.07.2011 / 14:21
---------------------------------------------------------------------
Sberbank of Russia Agreed on Main Terms of Acquisition of Volksbank
International with its Shareholders
July 14, 2011, Moscow - Today Sberbank reached an agreement on the main
terms and conditions of acquisition of Oesterreichische Volksbanken -
Volksbanken International (VBI). Today in Vienna, a relevant document was
signed between Sberbank representatives and all VBI shareholders VBAG,
BPCE, DZ Bank, WGZBank).
The Parties announced that they will strive to close this deal by the end
of 2011. VBI branch in Romania is not included in the deal. The parties
agreed that additional terms and conditions will not be disclosed until
legally binding documents are signed.
# # #
Sberbank of Russia
Alexander Baziyan
Public Relations
Tel. +7(495) 957 5721
media@sberbank.ru
Sberbank of Russia JSC is the largest bank in Russia, Central and Eastern
Europe, and its share includes about 30% of assets of Russian banking
system with about 240 thousand employees. Central Bank of the Russian
Federation is the founder and the major shareholder of Sberbank of Russia
JSC, owning above 60% of voting shares. Other shareholders include about
260 thousand individuals and legal entities. The Bank has the most
developed branch network in Russia: 17 territorial banks, about 20 thousand
branches and internal organization departments, as well as subsidiary banks
in Kazakhstan, Ukraine and Belarus, a branch in India, and a representative
office in Germany in China.
General license of the Bank of Russia to perform bank operations 1481.
Bank's official site - - www.sberbank.ru
End of Corporate News
---------------------------------------------------------------------
15.07.2011 Dissemination of a Corporate News, transmitted by
EquityStory.RS, LLC - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
EquityStory.RS, LLC's Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Sberbank
19 Vavilova St.
117997 Moscow
Russia
Phone: +7-495-957-57-21
E-mail: media@sberbank.ru
Internet: www.sberbank.ru
Listed: Foreign Exchange(s) MICEX, RTS
End of News EquityStory.RS, LLC News-Service
---------------------------------------------------------------------
132206 15.07.2011Unternehmensinformation / Kurzprofil:
Datum: 15.07.2011 - 14:21 Uhr
Sprache: Deutsch
News-ID 441825
Anzahl Zeichen: 3404
Kontakt-Informationen:
Kategorie:
Wirtschaft (allg.)
Diese Pressemitteilung wurde bisher 205 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Sberbank of Russia Agreed on Main Terms of Acquisition of Volksbank International with its Shareholders"
steht unter der journalistisch-redaktionellen Verantwortung von
Sberbank (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
