Spectator on facebook

Spectator on facebook

Penta becomes majority owner of Sberbank Slovensko

THE PENTA Investments group on December 17 signed a contract with Sberbank Europe AG to purchase a 99.5-percent stake in Sberbank Slovensko, the Slovak bank announced on the same day.

(Source: Sme)

However, the transaction still needs to be given the green light by the Anti-monopoly Office (PMU) and the European Central Bank.

“The decision to sell Sberbank Slovensko is in line with a strategic reassessment of markets featuring Sberbank Europe,” stated Sberbank Slovensko in a press release, as quoted by TASR, adding that the price of the stake is confidential.

Binder Groesswang served as the legal advisor for Sberbank Europe AG in this transaction.

Penta is already present on the Slovak banking market via its own Privatbanka (since 2007), which focuses on providing private banking services, and via a majority stake in Prima Banka (since 2011), formerly called Dexia Banka.

Sberbank Slovensko has 665 employees and posted a balance of €1.86 billion at the end of 3Q15.

Disclaimer: Penta financial group has a 45-percent share in Petit Press, the co-owner of The Slovak Spectator.

Top stories

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Poll: Smer followed by SaS, KDH also in parliament

Had the general election taken place in mid-February, the opposition Freedom and Solidarity (SaS) would place second, and the now extra-parliamentary KDH would get nine seats.

Alojz Hlina took over at the helm of KDH

Woman who urinated on the Quran arrested, awaiting trial

Some observers believe the video might lead to increasing security risks for Slovakia.

The accused woman arrives to the court.