VTB completes acquisition of controlling stakes in 2 regional banks
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VTB Bank PJSC has completed its acquisition of PJSC West Siberian Commercial Bank, also known as Zapsibcombank, and PJSC Sarovbusinessbank.
VTB acquired 86,650,277 shares in Zapsibcombank, equivalent to 71.80% of voting rights, and 1,020,332,387 shares in Sarovbusinessbank, or 81.11% of voting rights.
Both deals were announced in late 2018.