[HIGHLIGHTS] The German subsidiary of VTB demands that the shareholder return more than €433.8 million in dividends

The German subsidiary of VTB demands that the shareholder return more than €433.8 million in dividends. In November 2023, VTB Bank Europe, which is in liquidation, changed its name to OWH SE.

“OWH SE denies VTB’s rights to own the German bank, demanding the return of dividends since 2013 in the amount of over €433 million by February 29, 2024,” the VTB press service says. The Russian financial institution reported that it had received notification of actions aimed at depriving VTB of the ownership of its German subsidiary.