Reuters logo
Turkey's Yapi Kredi to sell Russian unit to Expobank at RUB 3.30 billion
October 25, 2017 / 7:10 PM / 25 days ago

Turkey's Yapi Kredi to sell Russian unit to Expobank at RUB 3.30 billion

ISTANBUL (Reuters) - Turkish private lender Yapi Kredi (YKBNK.IS) said it had agreed to divest its Russian unit, Yapi Kredi Bank Moscow, to Russia-based Expobank LLC in a deal worth 3.3 billion Russian roubles ($57.12 million).

The transfer of 477.5 million roubles in nominal value shares will be realized after the necessary legal approvals have been obtained, the company said in a stock exchange filing.

($1 = 57.7771 roubles)

Writing by Ezgi Erkoyun; editing by Mark Heinrich

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below