VTB to sell stake in Rosbank to Societe Generale
Russia's second largest bank, state-controlled VTB, will within a year or eighteen months sell its stake in Rosbank, a subsidiary of Societe Generale, to France's SG, participants of a meeting between VTB head Andrei Kostin and minority shareholders told RIA Novosti on Friday.
Banco Santander, SA, a Spain based banking group, has agreed to acquire a 70.36% stake in Bank Zachodni WBK SA, a Poland-based commercial bank, from Allied Irish Banks, plc for EUR2,938 million.