Volkswagen truck subsidiary to sell Russian assets to local partners

The German company Traton, which is the main shareholder of the manufacturers of commercial trucks MAN and Scania, as well as a subsidiary of Volkswagen, announced the sale of assets in the Russian Federation to local entrepreneurs. .

Sberbank completes sale of subsidiary in Switzerland

Sberbank has completed the sale of its Swiss subsidiary, Sberbank (Switzerland) AGE. The majority stake went to the investment group m3 Groupe Holding SA, the minority stake went to Steve Lynch, partner and founder of the international investment company Monte Valle. Partners”. Sberbank reports. .

Hungarian OTP Bank is considering selling its subsidiary in Russia

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MOSCOW, 11 Aug – The Hungarian OTP Bank said that it is considering the sale of its Russian subsidiary (OTP Bank), follows from the report of the credit institution. “OTP’s management applies the ‘going concern’ principle, but in Russia management is considering all potential options… Options are being considered… including the possible sale of the … Read more

LUKOIL buys Russian subsidiary of Shell

LUKOIL buys 100% of Shell Oil LLC, which owns a network of gas stations and a lubricants plant in the Tver region, from the British-Dutch oil and gas company Shell. The transaction will be completed after receiving approval from the Federal Antimonopoly Service (FAS). “The acquisition of Shell’s high-quality business in Russia is fully in … Read more

Novatek subsidiary in Poland declares force majeure due to sanctions pressure

pixabay.com/PD Novatek’s Polish subsidiary, Novatek Green Energy, has declared force majeure on its obligations to customers, Interfax reports, citing the head of the company, Dariusz Braton. By the decision of the Ministry of Internal Affairs of Poland dated April 25, Novatek is under sanctions that provide for the freezing of resources and assets, and the … Read more

Frank Media: Sberbank is going to sell its subsidiary in Kazakhstan

Sberbank is negotiating the sale of its “daughter” in Kazakhstan to the state holding “Baiterek”. The holding can buy the asset together with its partner, the European Bank for Reconstruction and Development (EBRD). This was reported by Frank Media, citing sources in the financial market. The interlocutors of the publication say that Baiterek “at the … Read more

Kazakhstani Bank CenterCredit has completed the purchase of a subsidiary of Alfa-Bank

Kazakhstani Bank CenterCredit (BCC) has completed the purchase of a local subsidiary of Alfa-Bank, and it is planned to rename it to ECO BANK. The sale became known at the end of April, the amount of the transaction was not disclosed. “Bank CenterCredit JSC announces the completion of the transaction for the acquisition of 100% … Read more