Agreement for the sale of its 99.5% stake to Penta Investments

Sberbank Europe AG signed contract about sale of Slovak subsidiary

Contact

Mag. Linda Michalech
Corporate Communications Manager

Sberbank Europe AG
Tel.: +43 1 22732 1300
Mobile: +43 664 8891 3662
linda.michalech@sberbank.at

Sberbank Europe AG signed contract about sale of Slovak subsidiary

Sberbank Europe AG, a subsidiary of the Sberbank Group, has today signed an agreement for the sale of its 99.5% stake in Sberbank Slovensko, a.s to Penta Investments.

Confidentiality has been agreed concerning the purchase price. The closing of the transaction is subject to customary approvals of the Antimonopoly Office of the Slovak Republic and the European Central Bank.

The decision to sell Sberbank Slovensko is consistent with the strategic review of the markets in which Sberbank Europe operates.

Binder Groesswang acted as legal counsel to Sberbank Europe AG.

Sberbank Slovensko has 665 employees and a balance sheet total of EUR 1.86 billion as of Q3 2015.

About Penta 
Penta is a Central European investment group established in 1994. It operates mainly in healthcare, financial services, manufacturing, retail and real estate development. Penta owns two Slovak banks - Primabanka Slovensko and Privatbanka. The Group manages an evergreen fund sustained by its partners, the company's only shareholders. Its portfolio companies provide jobs to more than 35,000 people and reported assets of EUR 6.7 billion in 2014. Penta operates in more than 10 European countries and has offices in Prague, Bratislava, Warsaw and Munich.


About Sberbank Europe 
Sberbank Europe (Sberbank Europe AG), headquartered in Vienna, Austria, is a banking group that is 100% owned by Sberbank Russia. Sberbank Europe is present in 11 markets in Central and Eastern Europe (CEE): Austria, Bosnia and Herzegovina (Sarajevo and Banja Luka), Croatia, Czech Republic, Hungary, Slovakia, Slovenia, Serbia, Ukraine and Germany. In total, Sberbank Europe operates 288 branches and has around 5,000 employees across CEE (as of 31.08.2015). 
Website: www.sberbank.at

About Sberbank Group
Sberbank of Russia is Russia’s largest bank and a leading global financial institution. Sberbank holds almost one third of aggregate Russian banking sector assets, it is the key lender to the national economy and the biggest deposit taker in Russia. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank’s authorized capital plus one voting share, with the remaining 50% held by domestic and international investors. Sberbank has more than 135 million individual customers and 1 million corporate clients in 22 countries. Sberbank has the largest distribution network in Russia with almost 17,000 branches, and its international operations include UK, US, CIS, Central and Eastern Europe, Turkey and other countries. The bank holds a general banking license No. 1481 issued by the Bank of Russia. Website: www.sberbank.ru

Sberbank was awarded “Bank of the Year 2012” by The Banker magazine and “Best Bank in CEE and Russia 2013” by the Euromoney magazine.

Open contact