Raiffeisen to sell Zuno to Alfa bank -Lidove Noviny

September 12, 2015 10:14 AM

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PRAGUE, Sept 12 Raiffeisen Bank International will sell Zuno, its subsidiary active in the Czech and Slovak market, to Russia's privately held Alfa bank, Czech paper Lidove Noviny said on Saturday.

Both banks have already agreed on the transaction, the paper said, quoting unnamed sources. It said the acquisition could be worth 35 million euros ($40 million).

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