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Volksbank Vorarlberg expects to agree sale of Swiss unit by year end
November 29, 2017 / 5:16 PM / 17 days ago

Volksbank Vorarlberg expects to agree sale of Swiss unit by year end

VIENNA, Nov 29 (Reuters) - Austrian lender Volksbank Vorarlberg A said it expects to agree a sale of its Swiss unit Volksbank Schweiz by the end of the year, without elaborating on the potential buyer.

The purchase price will reflect the capitalized value of the subsidiary, it said on Wednesday. (Reporting by Kirsti Knolle; Editing by Susan Fenton)

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