BELARUS NEWS AND ANALYSIS

DATE:

10/12/2009

Belarus approves sale of BPS Bank to Sberbank

MINSK, Dec 10 (Reuters) - Belarussian President Alexander Lukashenko on Thursday signed a decree approving the sale of state-controlled BPS Bank to Russia's biggest lender, Sberbank , for slightly over $280 million.

State-controlled Sberbank is buying 835.5 million shares in BPS Bank at $0.336 each, the decree showed.

(Reporting by Andrey Makhovsky, writing by Dmitry Sergeyev)

Source:

http://www.iii.co.uk/news/?type=afxnews&articleid=7665619&action=article


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