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Sberbank — M&A Activity 2016
Jul 31, 2016
6349_rns_2016-07-31_00cb0e48-7792-46ae-b632-83dbb0afa5f2.pdf
M&A Activity
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Sberbank / Miscellaneous - Medium Priority
29-Jul-2016 / 13:24 CET/CEST
Dissemination of a RegulatoryAnnouncement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.
Sberbank Europe finalizes the sale of Sberbank Slovakia
July 29, 2015, Moscow - After signing the agreement on 17 December 2015, Sberbank Europe AG has now completed the sale of 99.5% of its Slovak subsidiary Sberbank Slovensko, a.s. to Penta Investments.As of December 2015, Sberbank Slovensko had total assets of EUR 1.8 bn and more than 110,000 active customers.
Lev Khasis, First Deputy Chairman of the Executive Board of Sberbank: 'The decision to sell Sberbank Slovensko is consistent with the strategic review of the markets in which Sberbank Europe operates. Sberbank Europe continues to further develop its digital products and services while focusing its business activities on its core markets.'
Binder Groesswang acted as legal counsel to Sberbank Europe AG.
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Sberbank Alexander Baziyan Press office Tel. +7(495) 957 5721 [email protected]
Sberbank is Russia's largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 135 million individual customers and more than 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries.
The Bank holds the general banking license No.1481 issued by the Bank of Russia. Official websites of the Bank: www.sberbank.com (Sberbank Group website), www.sberbank.ru.
Penta is a Central European investment group established in 1994, specializing in long-term value investing. It operates mainly in healthcare, financial services, manufacturing, retail and real estate development. Penta owns two Slovak banks - Primabanka Slovensko and Privatbanka. The Group manages an evergreen fund sustained by its partners, the company's only shareholders. Its portfolio companies provide jobs to more than 37,000 people and reported assets of EUR 7 billion in 2015. Penta operates in more than 10 European countries and has offices in Prague, Bratislava, Warsaw and Munich.
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| Language: Company: |
English Sberbank 19 Vavilova St. 117997 Moscow |
|---|---|
| Russia | |
| Phone: | +7-495-957-57-21 |
| E-mail: | [email protected] |
| Internet: | www.sberbank.ru |
| ISIN: | US80585Y3080, RU0009029540, RU0009029557, US80585Y4070 |
| Listed: | Open Market (Entry Standard) in Frankfurt ; London, MICEX, RTS |
| Category Code: | MSCM |
| TIDM: | SBER |
| Sequence Number:3279 | |
| Time of Receipt: | 29-Jul-2016 / 13:24 CET/CEST |
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