Italian company wanted to buy Russian state bank

The Italian bank Unicredit wanted to buy the Russian state bank Otkritie and is already preparing to start due diligence (an independent assessment of the object – approx. “”). Bloomberg reports this with reference to its source.

It is alleged that the company has acquired a consultant to study the accounting department of a credit institution and expects to complete this process within a few weeks.

At the end of 2021, the head of Otkritie Bank, Mikhail Zadornov, said that in November the company’s management held several meetings with potential investors. He noted that there are foreigners among those interested in buying the bank.

Otkritie came under the control of the Central Bank in 2017. The regulator announced its reorganization and appointed a temporary administration. In terms of assets, the bank ranks eighth in the Russian banking system and is included in the list of systemically important banks.

Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more