MOSCOW, Oct 15 (PRIME) -- Russia’s top bank Sberbank will buy 20.8% of Moscow-based Cetelem Bank from France’s BNP Paribas Personal Finance to become the sole shareholder of the bank, Sberbank said in a statement on Thursday.
“Sberbank and BNP Paribas Personal Finance have signed a deal, which envisages that Sberbank will buy 20.8% of Cetelem Bank from BNP Paribas Personal Finance’s unit Leval 20 S.A.S. As a result of the deal, Sberbank will become the only shareholder of Cetelem Bank,” Sberbank said.
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