World ECR | RBI signs agreement to sell Belarus subsidiary
Home > information > Reserve Bank of India signs agreement to sell Belarus subsidiary as part of 'de-risking strategy' Austria-based Raiffeisen Bank International ("RBI") announced the signing of an agreement to sell at a loss an 87.74% stake in its Belarusian subsidiary Priorbank JSC to investors in the United Arab Emirates ("UAE"). "Upon completion, the transaction is expected to have a negative impact on RBI Group's consolidated profits of approximately €300 million," the bank announced in a press release on September 20. "With the completion of this transaction, the RBI will successfully exit the Belarusian market, thereby reducing its operational complexity, in line with its de-risking strategy in Eastern Europe," the bank said. Russia, where it remains operational One of the largest Western banks. Most Western banks have withdrawn since Moscow invaded Ukraine in February 2022. Negotiations to sell Priorbank JSC and its subsidiaries to UAE-based Soven 1 Holding Limited were announced in February. Looking for expert advice on export…
BrightDrop becomes a Chevrolet subsidiary
BrightDrop will be part of the Chevrolet lineup by 2025. The move means Chevy dealers will be able to sell and service the electric vans, which should make them more attractive. Since they were now Chevrolets, the vans adopted bowtie badges and slightly revised names. GM is no stranger to owning too many brands, not too long ago the company owned Pontiac, Saturn, Saab, Hummer, Oldsmobile, Holden, Geo, Opel and Vauxhall. Since parting ways with those brands the company has focused on Buick, Cadillac, Chevrolet and GMC. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); It was a surprise when BrightDrop was launched as a subsidiary in 2021. It didn't make much sense, and GM finally realized that as they folded the brand into Chevrolet. More: GM's new BrightDrop division to launch EV600 electric van, targeting delivery companies The move is a no-brainer, and Chevrolet says it…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
How to get the number in 2025 of the Birmingham Power Transmission Exhibition in the United Kingdom?
