Österreichische Volksbanken-Aktiengesellschaft

EANS-Adhoc: Österreichische Volksbanken-Aktiengesellschaft
VBI Owner and Sberbank Signed Acquisition Agreement in Vienna


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Company Information

08.09.2011

The owners of Volksbank International AG (VBI) and the representatives of the
Sberbank of Russia (Sberbank) signed an agreement relating to the acquisition of
the VBI Group today in Vienna. Until now, Österreichische Volksbanken-AG (VBAG)
has held a 51% shareholding in VBI, whereas the German banking groups DZ BANK AG
/ WGZ BANK AG and the French BPCE S.A. have each held a 24.5% stake in VBI. With
the signing of the agreement, Sberbank agreed to acquire a 100% stake in
Volksbank International AG. VB Romania is not included in the transaction. The
deal price will be 1.0x VBI equity (excluding VB Romania) ranging from EUR 585
million to EUR 645 million depending on business performance of VBI in 2011. In
addition to the sales price, Sberbank will assume financings provided by the
current owners in an amount of almost EUR 2.5 billion. Also at closing, VBAG or
a group of banks led by VBAG will provide Sberbank with five-year funding in an
amount of EUR 500 million. Closing of the transaction is expected by the end of
the year - after certain conditions precedent are fulfilled.


Stock exchange listed issues of participation capital issued by Österreichische
Volksbanken-Aktiengesellschaft:
ISIN:
AT0000755665 Österreichische Volksbanken-AG Partizipationsscheine 
XS0359924643 EUR 500,000,000 Perpetual Non Cumulative Participation Capital
Certificates 

The five biggest listed issues of Österreichische Volksbanken-Aktiengesellschaft
in terms of issue volume:

ISIN:                   
XS0451759012    
XS0417722393    
XS0412533399    
XS0271095357    

AT000B053442

The issues of Österreichische Volksbanken-Aktiengesellschaft are admitted on the
following stock exchanges:
Regulated unofficial market of Wiener Börse AG
Official trading of Wiener Börse AG
EUWAX segment of Baden-Württembergische Wertpapierbörse
Regulated market of Baden-Württembergische Wertpapierbörse
Regulated market of the Prague Stock Exchange
Regulated market of the Luxembourg Stock Exchange
Open Market of Berlin Stock Exchange
Open Market of Stuttgart Stock Exchange
Open Market of Frankfurt Stock Exchange


Further inquiry note:
Ansprechpartner:

Walter Gröblinger

Tel.: +43/ (0) 50 4004-0

E-Mail: walter.groeblinger@volksbank.com

end of announcement                               euro adhoc 
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issuer:      Österreichische Volksbanken-Aktiengesellschaft
             Kolingasse  19
             A-1090 Wien
phone:       +43 0 50 4004-0
WWW:      www.volksbank.com
sector:      Banking
ISIN:        AT0000755665
indexes:     Standard Market Auction
stockmarkets: stock market: Prague Stock Exchange, official market: Wien 
language:   English
 

 

 



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