Sberbank closes deal to sell subsidiary in Austria – Kommersant
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Sberbank announced the closing of a deal to sell its Austrian subsidiary Sber Vermogensverwaltungs AG in Abwicklung (formerly Sberbank Europe AG) to an Austrian company controlled by Stefan Zochling.
“The sale of our European subsidiary Sberbank Europe AG to a foreign investor is due to the current situation in the world. We are satisfied with the terms of the deal reached. Sber is concentrating on the development of financial services in Russia, where we have 106 million loyal customers, and in promising friendly countries for us, ”the press service quoted the bank’s first deputy chairman, Alexander Vedyakhin, as saying.
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