m3 Groupe Management SA and Stephen Lynch of Monte Valle Partners agreed to acquire an unknown majority stake and minority stake respectively in TradeXBank AG from Sberbank of Russia (MISX:SBER) on September 2, 2022. The parties received the approval of the relevant regulators and authorized bodies. Sberbank (Switzerland) will operate under a new name - TradeXBank AG, and will continue to provide services in the trade finance sector.
m3 Groupe Management SA and Stephen Lynch of Monte Valle Partners completed the acquisition of an unknown majority stake and minority stake respectively in TradeXBank AG from Sberbank of Russia (MISX:SBER) on September 5, 2022.