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Home News Sberbank Buys Volksbanken

Sberbank Buys Volksbanken

Published on 09/09/2011

Sberbank agreed to buy Volksbanken's Eastern European operations, excluding its unit in Romania, for 585 million euros to 645 million euros (823 million to 911 million), equivalent to Volksbanken International's combined equity, depending on performance this year, the Austrian bank said Thursday.