Spectator on facebook

Spectator on facebook

Penta becomes majority owner of Sberbank Slovensko

Local firm holds 99.5 percent of the shares as of July 29.

Illustrative stock photo(Source: Sme)

The ownership shift at Sberbank Slovensko is based on a purchase contract signed with Sberbank Europe AG back in December 2015 which was approved in mid March by the Slovak Anti-trust Office, the Pravda daily wrote.

The transaction was also subject to approval by the European Central Bank (ECB), which was eventually provided last week, according to Penta Investments PR specialist Peter Tóth. “The acquisition of Sberbank Slovensko is in line with our long-term strategy of boosting our position on the Slovak banking market,” Penta Investments partner Iain Child told the TASR newswire.

Penta has been active on the banking market since 2007 when it became the sole shareholder in Privatbanka, focused on private banking. In 2011 it became the majority owner of Prima banka (at the time called Dexia banka), which is oriented mainly towards retail customers and funding municipalities.

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

Topic: Finances and Advisory


Top stories

Governmental campaign should bring Slovaks home from the UK

The Slovak cabinet plans to persuade its expats living and working in the UK with at least a bachelor degree to return home: a campaign offering specific jobs should help.

Young researchers, IT experts and medical staffers are needed in Slovakia, illustrative stock photo.

EU lawyers claiming the Russian annexation of Crimea as legal is a hoax

One lawyer does not mean all EU lawyers; immigrants attacking a shepherd dog and HAARP causing hurricanes in the US are hoaxes, too.

Hoax on immigrants attackign two German shepdherds and ebing bitten yb them

Co-founder and co-owner of Sme daily dies

A major Slovak entrepreneur, Peter Vajda, died in Prague on October 15. He was exceptional for his innate sense of democracy and believing in equal opportunities for all.

Peter Vajda

Germans in Slovakia preserve their culture

The German minority is aging, and despite efforts, not many young descendants affiliate themselves with their origins.

Hauerlandfest is one of the bigger regional events.