trending Market Intelligence /marketintelligence/en/news-insights/trending/ESCzwSNwS79KBNOZVLUJcA2 content esgSubNav
In This List

Sovcombank to acquire Liberty Mutual Group's Russian unit

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Sovcombank to acquire Liberty Mutual Group's Russian unit

PJSC Sovcombank agreed to acquire Liberty Mutual Group Inc.'s Russian unit Liberty Insurance (PJSC).

The financial terms of the deal, which is subject to regulatory approvals and other customary closing conditions, were not disclosed.

The transaction is expected to complete in the first quarter of 2020 after which Liberty Insurance will be renamed, according to the Russian bank.