Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Sberbank Acquired a Swiss Bank for $ 80.5 mln
26.12.2011 09:56
Sberbank Acquired a Swiss Bank for $ 80.5 mln

Sberbank of Russia acquired Swiss bank SLB Commercial Bank AG from LUKOIL group of companies for about $ 80.5 mln.

      
Sberbank of Russia completed on Fariday the purchase of 99.145% of shares in Swiss bank SLB Commercial Bank AG from LUKOIL group of companies. Acquisition price of 99.145% shares amounted to CHF 75,350,200 (about $ 80.5 mln).

      
Sberbank plans to use SLB, which will subsequently change its name to Sberbank (Switzerland) AG, as a basis for development of syndicated lending and trade finance business in Europe, and also a range of other products for top corporate clients. Sberbank (Switzerland) AG will work primarily with foreign subsidiaries of the top Russian clients of Sberbank, and will participate in funding of international holdings of Russian companies.

      
Another Russian structure, which has a bank in Switzerland, is Gazprom with Gazprombank Switzerland.

      
      
Author: Irina Fomina

Tags: Sberbank LUKOIL    

Next Previous


You might also find interesting:

Research: Russians Do not Believe the Recommendations of Famous People
07.09.2020
Gazprom and Roskosmos to Expand Cooperation on Satellite Systems
11.01.2021
Russia Fell to the 50th Place in the Ranking of the Best Places to Do Business
19.06.2020
Mastercard Launched a Non-cash Tip Service in Russia
11.08.2020
More than a Third of Russian Enterprises are Unprofitable
11.08.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Republic of Tatarstan  Online Events during Quarantine  Russian history  Contemporary Russian History Museum  Kamchatka Cuisine  Petersburg Monuments  Leo Tolstoy  Pussy Riot case  Nadezhda Savchenko  Sovremennik Theatre   IT  fluorescent proteins  Russian youth clubs  Rock Music  Festivals in Moscow  Russian Metro  Popigai Crater   the Krasnodar Region  Russian models  Russian businessmen  Russian winter  Sergey Malyutin  Moscow  Gourmet Tours  Russian tourism  Russian painters  Censorship  Burial Grounds  Vladimir Oblast  Proton-M  Tolstoy Weekend Festival  aircraft  Veniamin Reshetnikov  Russian regions  Mercedes-Benz Fashion Week Russia  Tolbachik  Russian opera  Russian transportation  travel to Russia  ractopamine  Exhibitions in Moscow  Alena Akhmadullina  Russian business  Musicals in Moscow  St. Petersburg  Exhibitions in Kazan  Pushkin Museum of Fine Arts  Russian Cinema  Russia-Sweden  Gelendzhik 


Travel Blogs
Top Traveling Sites