The business of the Austrian Sberbank Europe may be acquired by a group of former managers of the organization, writes Der Standard, citing sources. The sales deadline is June 17, set by the European Union.
A consortium of former directors of the credit institution, in particular former CEO Gerhard Randa and former chairman of the supervisory board of the banking group Siegfried Wolf, showed interest in assets estimated at 200-300 million euros.
At the beginning of March last year, Sberbank decided to withdraw from the European market. This was preceded by the decision of the Austrian Financial Markets Authority, which, by order of the European Central Bank (ECB), imposed a ban on the activities of the European division of Sberbank Europe AG.
Author:
Natalia Gormaleva
Source: RB
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