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Announced

Expobank to acquire the Russian business of HSBC.

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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Russian Federation

Domestic

Pending

Banks

banking services

Acquisition

Private

Single Bidder

asset management

Majority

Friendly

Synopsis

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Expobank, a provider of commercial banking services, agreed to acquire the Russian business of HSBC, a banking and financial services organisation. Financial terms were not disclosed. Completion of the deal would represent HSBC's formal exit from Russia but the bank said the transaction was still subject to regulatory approvals in Russia. HSBC's business in Russia consisted of a corporate banking business which offered a range of lending and investment banking services to domestic and multinational customers. It employed around 200 people.

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