Russian Court Orders Seizure of Deutsche Bank and UniCredit Assets
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Fiera Capital Corp lessened its position in Linde plc (NASDAQ:LIN – Free Report) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 627,036 shares of the basic materials company’s stock after selling 162,299 shares during the quarter. Fiera Capital Corp owned approximately […]
A Russian court has ruled that Deutsche Bank and UniCredit's assets in Russia are to be seized, documents showed.
Germany's Deutsche Bank had been expected to provide guarantees for the construction of a gas-processing plant that was to be operated by Gazprom.
An arbitration court in St Petersburg has frozen the assets of several banks in Russia, including Deutsche Bank, after the planned construction of a terminal, which the German bank had helped to guarantee, was cancelled. The court action was taken at the request of RusChimAllianz, a Gazprom subsidiary operating an LNG terminal on the Baltic Sea. The company is claiming €239 million ($260 million) against Deutsche Bank, according to a report by the Russian state news agency Tass on Saturday. The