Support The Moscow Times!

Sberbank Set to Buy Troika

Sberbank is ready to acquire Troika Dialog soon to develop its own investment banking business, sources close to Sberbank said Sunday.

“There is an agreement in principle with [Troika chairman Ruben] Vardanyan,” a source close to Sberbank said.

Sberbank has been seeking to diversify its financial operations. Last month, market sources told Reuters that Sberbank had held informal talks with domestic investment banks Troika Dialog and Renaissance Capital about buying a stake. Both Sberbank chief executive German Gref and Vardanyan are expected to take part in the upcoming annual meeting of executives and politicians at Davos.

“The management board is yet to discuss the issue,” a Sberbank source said Sunday. 


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.