Reuters: Sberbank plans to sell Hungarian units

Deals

Russian Sberbank is reportedly preparing to sell its Slovakian and Hungarian branches, international news agency Reuters said yesterday, citing Czech newspaper Lidove Noviny.

According to Reuters, Czech-Slovak investment group Penta, Italy's UniCredit and Hungarian OTP are interested in buying the Slovakian units. The Czech daily said that units of the country are currently not for sale, however the “deal is already being prepared in Hungary and Slovakia”.

Sberbank had assets of €1.6 bln in Hungary at the end of 2013, ranking the bank among smaller players in the market, Reuters said.

Reuters added that Sberbank and its representatives declined to comment on the matter. In December, Reuters, citing sources close to the bank's Russian office, reported that Sberbank was planning to sell two units, but had no buyers.

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