Sberbank completes the acquisition of Volksbank International

Sberbank completes the acquisition of Volksbank International
20 February 2012, Moscow – Sberbank of Russia (“Sberbank”) has completed its acquisition of 100% of Volksbank International AG (“VBI”). Wednesday’s closing follows the announcement on 8 September 2011, that Sberbank had entered into a sale and purchase agreement with the shareholders of VBI - Österreichische Volksbanken-AG (“VBAG”), BPCE S.A. (“BPCE”), DZ BANK AG (“DZ BANK”) and WGZ BANK AG (“WGZ BANK”). The transaction perimeter does not include VB Romania, VBI’s banking subsidiary in Romania. ...
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