Wednesday, June 1, 2011

Sberbank received the "Troika"

Sberbank and Troika Dialog have signed a contract in which a state bank acquires 100% of investment company, reports Finmarket. This momentous event is expected in early March, when the Savings Bank announced its intention to buy the investment company. As planned, 100% of "Troika" the bank will pay $ 1 billion from its own funds. Savings Bank will buy the entire stake in Standard Bank, "Troika" (36,4%), and the proportion of partners of investment company (63,6%). "The union provides a unique potential to fundamentally" reshape "the Russian financial industry" - said the head of Sberbank German Gref. As he promised earlier, the joint venture company will take a leading position in many directions and become the undisputed leader on the Russian market for investment banking services within three years. The plans of the Savings Bank in 2015 to get a little more than a 15% share of the Russian market by revenue from investment banking.

No comments:

Post a Comment