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Sberbank May Buy Troika

Sberbank may buy one-third of investment bank Troika Dialog for $500 million, RBC Daily reported Friday, citing sources familiar with the matter.

The deal may be completed this week. Sberbank wants to gain a controlling stake in Troika by 2012, RBC said.

Troika chairman Ruben Vardanyan did not confirm the story. “There is nothing to talk about here. It cannot be said that negotiations are close to completion or that parameters have been determined. [That there are] signing dates, even less,” Vardanyan told Interfax.

(Bloomberg)


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