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Tuesday, 22 January 2019

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News

22 March 2013

Austrian Sberbank Europe AG acquired Ukrainian Volksbank

Austrian Sberbank Europe AG acquired 99.923% shares of Ukrainian Volksbank. 

"Sberbank Europe AG, the legal successor of all rights and liabilities of Volksbank International AG (Austria), owns  839,353 million shares, that constitutes 99.923% of voting shares of PJSC "Volksbank", - it is said in the communique.

As it was earlier reported, Russian Sberbank in the middle of February 2012  closed the deal on acquiring Austrian Volksbank International (VBI), that is presented as well in Ukraine.

The Russian bank plans to conduct integration of its Ukrainian "daughter" and Ukrainian subsidiary of VBI.

Volksbank



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