VBI: Purchase by Sberbank is Looming

Published: February 25, 2011; 00:38 · (Vindobona)

The sale of the Eastern European holding company of the Austrian ÖVAG is taking shape. Even Chinese investors are interested.

VBI: Purchase by Sberbank is Looming / Picture: © Österreichische Volksbanken-AG (ÖVAG)

The sales process advances slowly for the Austrian Volksbanken group. Russian Sberbank and Chinese investores are especially interested in VBI, which acts as the holding company for ÖVAG’s Eastern European investments.

Interested parties from China have already been in Vienna for talks. But neither Russians nor Chinese are interested in a purchase at a price above the book…

This article includes a total of 173 words.

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