Sberbank Will Abolish Troika Dialog Investment Brand After The Merger

More than 20-years history of one of the most famous brands on Russian financial market  is coming to an end. Troika Dialog after its merger with Sberbank will abolish its brand to became Sberbank’s investment department.

Troika Dialog is a legendary brand, one of the most powerful in the Russian market. In the short term, its disappearance would be frustrating, but in the long run it is the right decision. 

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Volksbanken Has Approved Sale of Its Russian Business to Sberbank

Supervisory board of Volksbanken group has approved sale of its Eastern-European branch (VBI) to Sberbank, the group member confirmed this thursday, Russian newspaper Vedomosti reports.

Volksbanken has agreed with Sberbank on sale of its domestic branch in July, several hours before it has been announced that the bank failed to pass the stress-test. Sberbank is planning to close the deal before the end of 2011. 

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WikiLeaks: GM Refused to Sell Opel to Sberbank and Magna Apprehending Possible Resale

American car producer General Motors has refused to sell its automobile brands Opel and Vauxhall to consortium of Magna and Sberbank, as the buyers demanded the right of resale of these plants to the Russian state cars producer, The Times newspaper has reported today.

In its report British newspaper referring to the diplomatic correspondence has been published in WikiLeaks. It says that Canadian-Russian consortium has made 31 proposal of agreement correction after its signing. 

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