Announced
Financials
Tags
Banks
Single Bidder
Acquisition
Private
holding company
Russian Federation
banking
Domestic
Friendly
Majority
Pending
Synopsis
VTB, a Russian majority state-owned bank, agreed to acquire Otkritie, a banking company, from Bank of Russia, a Russian central bank, for $4.7bn. VTB has fallen under some of the toughest sanctions imposed by the West on Russia's financial sector, is struggling, something that had raised doubts about the long-awaited Otkritie purchase.
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