Monday, August 08, 2005
Deutsche Bank to complete takeover of UFG (Russia)
Deutsche Bank closing in on 60% stake - report
Story:Deutsche Bank could finalize a deal to complete the takeover of Russian bank United Financial Group (UFG), in the next few weeks, the Financial Times Deutschland reported. The report cites financial circles who believe the deal is close to completion. The negotiating parties are thought to be agreed on most points for the 60% stake in UFG, with some tax clauses and price questions still to be resolved, the report said. Russian press reports at the weekend suggested Deutsche Bank will offer USD 420m (EUR 340m), but industry experts rate this price estimate as being too high, the report continued. Deutsche Bank declined to comment on reports, confirming only that it has an option to acquire shares, the report concluded.
Source:Financial Times Deutschland
Value:$420m (Estimated deal value"
Story:Deutsche Bank could finalize a deal to complete the takeover of Russian bank United Financial Group (UFG), in the next few weeks, the Financial Times Deutschland reported. The report cites financial circles who believe the deal is close to completion. The negotiating parties are thought to be agreed on most points for the 60% stake in UFG, with some tax clauses and price questions still to be resolved, the report said. Russian press reports at the weekend suggested Deutsche Bank will offer USD 420m (EUR 340m), but industry experts rate this price estimate as being too high, the report continued. Deutsche Bank declined to comment on reports, confirming only that it has an option to acquire shares, the report concluded.
Source:Financial Times Deutschland
Value:$420m (Estimated deal value"
