Emerging Markets Roundup: Russia

SBERBANK STAKE SOLD

 

By Kim Iskyan

 

State savings bank Sberbank’s 7.6% stake sale went through in mid-September, raising $5.2 billion and leaving the central bank a 50% plus-one-share stake in the country’s largest bank.

 

The sale had been put on hold pending Russia’s presidential elections, and subsequently because of global market volatility and poor investor sentiment.             

 

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