Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Volksbanken Target June for East Europe Unit Sale, Standard Says

March 11 (Bloomberg) -- Oesterreichische Volksbanken AG, the lender raising cash to repay Austrian state aid, aims to sell its eastern European unit by June, Austrian daily newspaper Der Standard reported.

OAO Sberbank, Russia’s biggest bank, is the only outside bidder for Volksbanken’s VBI unit, Der Standard said, citing sources close to the government. VBI co-owner Groupe BPCE may buy out Volksbanken and Germany’s DZ Bank if the sale to Sberbank fails, it said.

Click here for web link

To contact the editor responsible for this story: Boris Groendahl at bgroendahl@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.