Date: 4 months ago   Category: Finance

VTB expects to close the transaction with Sogaz within a month — Rambler News Service


VTB expects that the transaction on integration of insurance business of group, the VTB Insurance companies, with Sogaz will be closed within a month provided that all regulatory bodies will approve her, the first deputy president – the chairman of the board Yury Solovyov on the sidelines of the international transport and logistic forum "Pro//Movement.1520" has told journalists. "We haven't signed documents, but the transaction is in a final completion stage. We hope to finish it in the next month provided that all regulatory bodies will approve her", he said. Solovyov has noted that between the management of Sogaz and VTB there are no disagreements. "We have no disagreements, it is some mistake or misunderstanding" — he has noted. Earlier Vedomosti with reference to sources has reported that closing of the transaction on merging of Sogaz and VTB Insurance is late. At the beginning of September the head of VTB Andrey Kostin said to journalists that documents according to the transaction are planned to be signed in September. Earlier it was reported that the VTB Group will receive 10% in insurance company, joint with Sogaz. It was noted that association will happen on the basis of Sogaz. VTB declared sale of VTB Insurance in May of this year.

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