Dow Jones received a payment from EQS/DGAP to publish this press release.
Sberbank (SBER)
Sberbank: Emirates NBD and Sberbank announce that the SPA with revised terms
was signed on 2nd April 2019
03-Apr-2019 / 07:02 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Restatement of agreement for the proposed sale and purchase of 99.85% of the
shares in Denizbank A.S. signed between Emirates NBD and Sberbank of Russia
3rd April 2019, Moscow, Dubai - Emirates NBD Bank PJSC ("Emirates NBD") and
Sberbank of Russia ("Sberbank") refer to the announcement dated 22 May 2018
relating to the proposed acquisition of 99.85% of the shares in Denizbank
A.S. ("Denizbank") pursuant to a sale and purchase agreement which was
signed between Emirates NBD and Sberbank on 21 May 2018 ("SPA").
Emirates NBD and Sberbank announce that the SPA with revised terms was
signed on 2nd April 2019 ("Restated SPA"). Under the Restated SPA, the total
consideration for 99.85% of the shares in Denizbank has been agreed at
Turkish Lira (TRY) 15.48 billion. Denizbank equity capital amounts to TRY
15.51 billion under consolidated BRSA at 31st December 2018. The transaction
is expected to complete by the end of Q2 2019, subject to obtaining the
required regulatory approvals.
# # #
For any clarifications, please contact:
Emirates NBD Sberbank
Ibrahim Sowaidan Alexander Baziyan
Group Corporate Affairs Press office
Tel: +971 4 609 4113 Tel. +7(495) 957 5721
ibrahims@emiratesnbd.com media@sberbank.ru
ISIN: US80585Y3XXX, RU0009029XXX, RU0009029XXX, US80585Y4XXX
Category Code: MSCH
TIDM: SBER
LEI Code: 549300WE6TAF5EEWQS81
OAM Categories: 2.2. Inside information
Sequence No.: 8056
EQS News ID: 795153
End of Announcement EQS News Service
(END) Dow Jones Newswires
April 03, 2019 01:03 ET (05:03 GMT)
© 2019 Dow Jones News
