Sberbank takes Volksbanken to court over VBI sale

Newswire

VIENNA, Nov 29 (Reuters) - Sberbank has taken partially state-owned Austrian lender Volksbanken AG (VBAG) to court in a dispute over the value of the VBI eastern European business that the Russian bank bought last year, VBAG said on Friday. Sberbank paid 505 million euros ($687 million) for Volksbanken International (VBI), but has since complained about the quality of the assets it purchased. Sberbank closed the deal after getting an 80 million euro discount ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Insights

Jan 18, 2018
video
WardsAuto

2018 Wards 10 Best Engines Editorial Roundtable Part 2

WardsAuto editors discuss some of the 22 nominees that did not make the cut in this year's Wards 10 Best Engines competition....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×