The Service of the Commission for the Protection of Competition on the 31st of May 2011 received on behalf of the company Open Joint-Stock Company Sberbank of Russia, notification of a proposed concentration according to Article 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), concerning the acquisition of 100% of the share capital of Troika Dialog Group Limited. The acquisition will be achieved through a subsidiary vehicle of Open Joint-Stock Company Sberbank of Russia.
The Open Joint-Stock Company Sberbank of Russia is a company duly registered in accordance with the laws of Russia and is now the largest credit institution in Russia and the Commonwealth of independent States (CIS). The company has developed into an international commercial bank with extended activities and is the largest recipient of deposits in Russia and the main creditor of the national economy.
The Troika Dialog Group Limited is the parent company of a group of companies that provides a full range of investment services and asset management services. The company’s activities, directly and indirectly, consist of securities sales and trading, investment banking, operations management, private wealth and assets and alternative investments.