PRIME-TASS. The European Bank for Reconstruction and Development (EBRD) has divested a 15% stake in Swedbank Russia to parent lending institution Swedbank AB. EBRD said in a statement, as Prime-TASS wired.
The transaction price was not disclosed and the deal will be closed after the Bank of Russia gives approval.
This means Swedbank AB will gain full control over its subsidiary bank in the Russian Federation. EBRD bought into Swedbank in 2005 (at that time the bank operated as Hansabank).
