Sberbank Considers Sale of Ukrainian Volksbank Unit, IFX Says

OAO Sberbank may sell its Ukrainian unit Volksbank International, Interfax-Ukraine reported, citing Ihor Yushko, the chief executive officer at Sberbank’s Ukrainian subsidiary.

Sberbank has already got some offers, which “did not satisfy,” Yushko said, according to the news agency. The decision on whether to sell Volksbank or incorporate it into Sberbank’s Ukrainian subsidiary will be made by the end of the month, Interfax quoted Yushko as saying.

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.