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Russia Reaches for Volksbank International
VBI, the holding company for the Eastern interests of the Österreichischen Volksbanken, is for sale. Russian parties are interested.
The daily newspaper “Der Standard” reports on Russian buyers interested in Volksbank International (VBI). The Österreichische Volksbanken, (ÖVAG) wants to sell its stake of 51% of the VBI in full. The other shareholders of the VBI, the German DZ group and the French Banques Populaires are also willing to sell. The two minority shareholders have a share of 24.5%…
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