Race for Sberbank remains enters the home straight – companies

2023-06-15 17:00:57

Shortly before the close of business on June 17, a rumor was circulated on Thursday that another interested party had come forward who would like to acquire the remaining assets of the former Sberbank Europe in Vienna. As reported, a transaction can only be carried out until Saturday, according to the EU sanctions regulation. The assets of Sber Vermögensverwaltungs AG, owned by the sanctioned Russian Sberbank in Moscow, consist of 350 million euros held in an account at Raiffeisen Bank International (RBI). If the deal is not completed by Saturday, the assets will be frozen forever.

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