28.3 C
Bucharest
August 7, 2022
BUSINESS

Volksbank Romania to be sold after a repositioning of two-three years

Volksbank Romania will get repositioned in the next two-three years, after which it will be sold, a press release announced yesterday, after the signing of a final agreement for the sale Volksbank International, without its Romanian operations, to Russian state-owned Sberbank, which is also Russia’s largest bank. Also, Volksbank International would provide Sberbank a EUR 500 M financing, and the Russian group will take upon itself debts amounting to EUR 2..5 bln euro. The transaction price will be set by the end of the year, and will range from 585 to 645 M euro, according to the Volksbank International performance this year. Sberbank taking over Volksbank International is the Russian bank’s second takeover this year, after the purchasing of brokerage firm Troika Dialog for USD 1 bln.

Related posts

BNR: The current account of the payment balance – EUR 709 M deficit in Q1

Test

Mark Koops, one of the founders of the Valley 21 project: The essence of this concept is new thinking that keeps the value of nature and has meaning to people

Lukoil started surveying two oil fields in the Black Sea

Nine O' Clock