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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.