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Groupe BPCE sells its equity interest in Volksbank International (VBI)
Groupe BPCE sells its equity interest in Volksbank International (VBI)
February 15, 2012 - Groupe BPCE today sold its 24.5% equity interest held alongside VBAG, DZ Bank and WGZ Bank in Volksbank International (excluding Volksbank Romania) to the Russian banking group, Sberbank.
This transaction is part of Groupe BPCE’s strategy of refocusing on majority stakes in priority growth areas.
This operation also supports the Group’s financial trajectory both in terms of capital adequacy and liquidity.
