Sberbank’s Troika deal approved
Sberbank’s acquisition of investment bank Troika Dialog has closed, creating the largest universal bank in Russia.
The deal, which was announced last March, is worth US$1bn in cash and includes an earn-out.
Sberbank bought the 63.6% stake held by a group led by Troika’s chairman and chief executive and the 36.4% owned by Standard Bank.
December-January 2012
Middle East Banking Awards 2011
Our coverage of this year’s winning institutions from across the region.
Russia: In good company
It took 18 years but Russia has finally joined the World Trade Organisation, a move that’s key to Vladimir Putin’s plans to boost the economy. Mark Dunne reports.
