Author: Kim Iskyan

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.