Media: Sberbank deal to buy Russian business of Stockmann falls through -Kommersant

Lindex Oyj

12/05/2022 08:32

* A deal by Russia's largest lender Sberbank  SBER.MM  to
buy the
Russian business of department store chain Stockmann has fallen
through, the Kommersant newspaper reported on Thursday, citing
two sources.
    * Stockmann general director Gennady Levkin and a Sberbank
representative confirmed the information, Kommersant reported,
saying the deal had been cancelled by mutual agreement. 
    * Sberbank had agreed to buy 100% of Stockmann's Russian
branch in
January.  urn:newsml:reuters.com:*:nS8N2TU067
    * Stockmann CEO Gennady Levkin told Kommersant there were no
plans
to close the chain's stores.

    
-- Source link: https://bit.ly/3MkrbkU  
-- Note: Reuters has not verified this story and does not vouch
for its accuracy.

 (Reporting by Reuters)