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VBI Sale to Sberbank Finalized
With the sale of the CEE segment of the Austrian VBAG, Russian Sberbank enters Eastern Europe.

OAO Sberbank, Russia’s biggest lender, acquired Volksbanken International AG at a reduced price after VBI shareholders injected additional equity to compensate for losses after the deal was agreed.
Sberbank bought VBI for € 505m ($ 661m) from Oesterreichische Volksbanken AG, DZ Bank AG, WGZ Bank AG and Groupe BCPE after signing the deal on Sept. 8, the Moscow- based bank said…
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