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5 months ago
Russia's Sberbank hopes to complete Ukrainian unit sale in H1 - source
March 29, 2017 / 9:39 AM / 5 months ago

Russia's Sberbank hopes to complete Ukrainian unit sale in H1 - source

MOSCOW, March 29 (Reuters) - Russia's Sberbank hopes to complete the sale of its Ukrainian subsidiary in May or June, a source with the bank said on Wednesday.

Sberbank said this week it had agreed to sell its unit in Ukraine to a consortium of investors, which include Norvik Bank (Latvia) and a Belarussian private company.

"We plan that (in the) next 1-2 weeks we will, together with the buyers, send the documents for approval to the regulators, three in Ukraine and one in Latvia," the source said. (Reporting by Alexander Winning; writing by Katya Golubkova and Polina Nikolskaya; editing by Maria Kiselyova)

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