Sberbank not yet decided on the fate of the jewelry chain Pandora

© RIA Novosti / Anton to Deniability in photobacteria of the savings Bank of the Russian Federation. Archival photoSberbank not yet decided on the fate of the jewelry chain Pandora© RIA Novosti / Anton to Danilovmarat the image Bank

Sberbank has not yet decided on the fate of the jewelry chain Pandora, exploring different possibilities of working with this asset, said in an interview with RIA Novosti, senior Vice President of Sberbank, head of investment and corporate business «Sberbank CIB» Igor Bulantsev.

In December last year, he said that the largest Russian Bank in the first quarter will decide whether to sell the jewelry network, or the company will develop further in the group of Sberbank.

«We are studying different opportunities in the future with this asset. The project develops and works. We are looking various options,» said Bulantsev.

Sberbank CIB in March 2015, became the owner of 100% of the network of jewelry stores Pandora, previously under the Svyaznoy group of companies and was negotiating the sale of this non core asset. Among the contenders was the name of the shareholder of the group Solvers Oleg Malis.

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