Sberbank Rossii OAO Standard Bank And Troika Dialog Announces Partnership agree on Preschedule Settlements For Acquisition Of 100%


Tuesday, 9 Jul 2013 03:41am EDT 

Sberbank Rossii OAO, Standard Bank and the Troika Dialog Partnership announced that they have agreed on preschedule settlements for the acquisition of 100% of Troika Dialog. As part of the second stage of the deal, Standard Bank and the Troika Dialog Partnership, who are the selling shareholders, will receive additional compensation in the amount of USD400 million: USD350 million will be paid after the signing of the agreement and the remaining USD50 million will be paid depending on the completion of the integration and the achievement of the net profit target for 2013. The terms of the settlement were approved by all parties and were disclosed to the Supervisory Board of Sberbank. 

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