Sistema is planning to sell Luxembourg-based East-West United Bank

MOSCOW:  Russian investment major Sistema is planning to sell the Luxembourg-based East-West United Bank, according to the company's 202...


MOSCOW:  Russian investment major Sistema is planning to sell the Luxembourg-based East-West United Bank, according to the company's 2022 IFRS annual report.

In October 2022, the group decided to sell a 100% stake in EWUB, the statement said. The transaction price will be determined based on the results of an independent assessment, the company added.

Sistema plans to complete the sale in 2023. The company also estimated losses on depreciation of EWUB at 1.47 bln rubles ($18 mln).

Sistema is a Russian investment company with a diversified portfolio of assets in such industries as telecommunications, high technology, IT, e-commerce, timber processing, agriculture, real estate, tourism, pharmaceuticals and medical services. The company was founded in 1993.


-News Feed

COMMENTS


*

Name

AROUND THE GLOBE,3125,business,74,BY READERS,478,FEATURE,289,GLOBE,16,KERALA,13,Movie,327,s,1,SPECIAL STORY,394,TAMILNADU,3,TOP STORY,3846,TRAVEL,8,
ltr
item
Local Glob: Sistema is planning to sell Luxembourg-based East-West United Bank
Sistema is planning to sell Luxembourg-based East-West United Bank
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjY2bHZ8kN6kZq1RfbUOSfrmeWJ3Z9eLzQCtjwDK4jdsh2jHz8D6mnDSXkr2U5pB9zG6lVf5no3F-vZwppPA-0PFYcPuJC9SH8eu7cg5g8QWh0JMCWtk6AWb0QLnXqMuFXfDc9_FSG3F30MLEjv6dqzqS7VqyyvzPVBfAxL1bbi1PeJ6_q5ZI8T4EfMJA/s320/sistema.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjY2bHZ8kN6kZq1RfbUOSfrmeWJ3Z9eLzQCtjwDK4jdsh2jHz8D6mnDSXkr2U5pB9zG6lVf5no3F-vZwppPA-0PFYcPuJC9SH8eu7cg5g8QWh0JMCWtk6AWb0QLnXqMuFXfDc9_FSG3F30MLEjv6dqzqS7VqyyvzPVBfAxL1bbi1PeJ6_q5ZI8T4EfMJA/s72-c/sistema.jpg
Local Glob
https://www.localglob.com/2023/04/sistema-is-planning-to-sell-luxembourg.html
https://www.localglob.com/
http://www.localglob.com/
http://www.localglob.com/2023/04/sistema-is-planning-to-sell-luxembourg.html
true
8255692317570297677
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy