Of Special Interest
3rd January 2012
Sberbank acquires Swiss SLB Commercial
Sberbank purchased a 99.14% stake in Swiss SLB Commercial bank from Lukoil, the Russian oil company. The purchase price was CHF 75.4m (€62.0m £51.8m $80.3m ¥6,215m Y506.1m).
Sberbank is to rename the bank and states the rationale of the pruchase as to assist in the development of syndicated lending and trade finance in Europe.