October 25, 2017 / 7:10 PM / 6 months 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

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