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Thursday 17 December, 2015

Sberbank

Sberbank signed contract about sale of Slovak subsidiary

Sberbank / Miscellaneous
Sberbank: Sberbank signed contract about sale of Slovak subsidiary

17-Dec-2015 / 10:32 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Sberbank signed contract about sale of Slovak subsidiary

December 17, 2015, Moscow - 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 665 employees, a balance sheet total of EUR 1.86 billion as of Q3 2015.

Penta is a Central European investment group established in 1994. It owns two other Slovak banks - Primabanka Slovensko and Privatbanka. It operates mainly in healthcare, financial services, manufacturing, retail and real estate development. 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.

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Sberbank
Alexander Baziyan
Press office
Tel. +7(495) 957 5721
[email protected]

Sberbank 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 more than 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 the general banking license No.1481 issued by the Bank of Russia. Official websites of the Bank: www.sberbank.com (Sberbank Group website), www.sberbank.ru.

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



17-Dec-2015 The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap.de/ukreg



Language: English
Company: Sberbank
19 Vavilova St.
117997 Moscow
Russia
Phone: +7-495-957-57-21
E-mail: [email protected]
Internet: www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070
Listed: Open Market (Entry Standard) in Frankfurt ; London, MICEX, RTS
Category Code: MSC
TIDM: SBER
Sequence Number: 2941
Time of Receipt: 17-Dec-2015 / 10:01 CET/CEST
End of Announcement EquityStory.RS, LLC News Service

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