DGAP-News: Sberbank: Sberbank of Russia and Troika Dialog sign the legally binding agreement

EquityStory.RS, LLC-News: Sberbank / Key word(s): Mergers&Acquisitions/Agreement
Sberbank: Sberbank of Russia and Troika Dialog sign the legally
binding agreement

25.05.2011 / 18:13

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Sberbank of Russia and Troika Dialog sign the legally binding agreement on
the two companies– landmark deal – another step toward creating Russia–s
first corporate-investment bank

May 25, 2011, Moscow – Sberbank of Russia and Troika Dialog announce the
signing of the legally binding agreement on Sberbank of Russia–s purchase
of a 100% shareholding in Troika Dialog. The signing of the agreement
officially confirms the previously announced merger of Russia–s largest
commercial bank and the country–s leading investment firm. The merger,
which was first announced in March 2011, marks the appearance of a new
player on the international arena – the first veritable universal Russian
bank. With the combination of Russia–s leading banking and investment
businesses, a new undisputed leader of Russia–s financial industry has
emerged.

Herman Gref, CEO and Chairman of the Board at Sberbank of Russia, said:
–Today–s agreement marks an important step in the integration of two
mutually complementary businesses. It also confirms our commitment to
maximizing the full range of opportunities and synergy the deal creates.
The merger potentially allows us to effect major changes in the makeup of
the Russian financial industry. We will be uniquely able to provide major
corporations with universal banking services, and mid-cap companies and
retail clients with access to investment banking and wealth management
services from the proven market leader.–

Ruben Vardanian, Chairman of the Board of Directors and CEO at Troika
Dialog, said: –Troika Dialog and Sberbank are longstanding partners with a
relationship of mutual trust and confidence built over many years. This
enduring partnership is what brought about our decision. Well before we
signed the agreement, we made a full analysis and assessment of the
opportunities opened to us by the merger of adjacent financial businesses
based on our strong partnership, as well as Sberbank–s balance sheet
strength. The deal positions us as the clear partner of choice for clients
in Russia and the CIS, providing unrivaled access to world financial
markets and superior professional competence.–

Further implementation of the two companies– merger is subject to
regulatory approval in Russia and the other countries where Troika Dialog
operates.

Information for editors:

Sberbank of Russia (Sberbank) is the largest Bank in Russia, Central and
Eastern Europe, with approximately 30% of the total assets of the Russian
banking system, and employs approximately 240,000 people. The Central Bank
of the Russian Federation is the founder and the majority shareholder of
Sberbank (over 60% of the voting shares), with the rest of the shares
dispersed among more than 260,000 individuals and legal entities. The Bank
has the most widespread branch network in Russia: 17 Regional Head Offices,
over 20,000 branches and banking outlets, as well as subsidiaries in
Kazakhstan, Ukraine and Belarus.

Sberbank holds the General License No. 1481, issued by the Central Bank of
the Russian Federation.

For further information please contact:

Public Relations Department, tel. +7(495) 957 5721, e-mail:
media@sberbank.ru

www.sberbank.ru

About Troika Dialog

Founded in 1991, Troika Dialog is the leading independent full service
investment bank and asset management firm in Russia. The company–s business
consists of securities sales and trading, investment banking, private
wealth and asset management, retail distribution and alternative
investment. Troika Dialog–s operations are located in 21 cities across
Russia plus offices in London, New York, Kyiv, Almaty and Nicosia.

For further information please contact:

Troika Dialog Press Department, tel.: +7 (495) 258 0519, e-mail:
pressa@troika.ru

www.troika.ru

End of Corporate News

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Language: English
Company: Sberbank
19 Vavilova St.
117997 Moscow
Russland
Phone: +7-495-957-57-21
E-mail: media@sberbank.ru
Internet: www.sberbank.ru
Listed: Foreign Exchange(s) MICEX, RTS

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