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New Deal


Announced

Completed

Sovcombank completed the acquisition of Vostochny Bank from Baring Vostok and Finvision.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Majority

Private Equity

Russian Federation

bank

Banks

Domestic

Private

Acquisition

Friendly

Single Bidder

Completed

Synopsis

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Sovcombank, a universal bank, completed the acquisition of Vostochny Bank, a Russian financial company, from Baring Vostok, a private equity investment firm, and Finvision. Financial terms were not disclosed.

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