Igor Kim Acquires WestLB’s Russian Branch, Vedomosti Reports

Igor Kim, the owner of Expobank, is buying WestLB Vostok, WestLB’s Russian subsidiary, Vedomosti reported, citing two bankers with knowledge of the agreement. The acquisition, which will be concluded by the end of the year, has been approved by Russia’s antimonopoly service and the central bank, the newspaper said.

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