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SBERBANK Sberbank: Emirates NBD and Sberbank announce that the SPA with revised terms was signed on 2nd April 2019

Directive transparence : information réglementée

03/04/2019 07:02

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.

  

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For any clarifications, please contact:

Emirates NBD

Ibrahim Sowaidan

Group Corporate Affairs

Tel: +971 4 609 4113

ibrahims@emiratesnbd.com

 

Sberbank

Alexander Baziyan

Press office

Tel. +7(495) 957 5721

media@sberbank.ru

 



ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070
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

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