Sponsored Content
VBAG: Sale of VBI to Be Closed in 2012
Contrary to the original schedule, the sale of the eastern European bank will not be closed by the end of the year.

The sale of Volksbank International (VBI) to Russian Sberbank, which was contractually concluded in summer 2011, will be finalized next year. The companies are still waiting for several approvals in the region, the closing of the deal will thus be delayed further, informed persons stated on Thursday. It is now expected that the deal will be closed in the first weeks of 2012, still…
or Log In
Fast News Search