Russia Reaches for Volksbank International

Professional ServicesBanks ♦ Published: December 15, 2010; 21:01 ♦ (Vindobona)

VBI, the holding company for the Eastern interests of the Österreichischen Volksbanken, is for sale. Russian parties are interested.

Russia Reaches for Volksbank International / Picture: © Wikipedia / 718 Bot

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%…