France’s Societe Generale sells Russian bank to oligarch Vladimir Potanin

Rosbank will join the business empire of Potanin, who is the biggest shareholder in Norilsk Nickel, (NILSY) the world’s largest producer of palladium and refined nickel. Potanin’s holding company had owned Rosbank from 1998, before Societe Generale (SCGLF) (SocGen) bought a stake in 2006 and merged it with its other Russian operations in 2010. While … Read more