Kommersant owner Alisher Usmanov intends to buy some portion of Sberbank.
Photo: Alexander Miridonov
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Kommersant Owner to Buy Sberbank Stocks
Co-owner of Gazmetall Holding and owner of Kommersant Publishing House, Alisher Usmanov will invest $800 million in Sberbank stocks, the Vedomosti daily reported referring to sources familiar with the placement results.
It was Credit Suisse that lodged the bid on behalf of Usmanov. Now the businessman has two weeks to pay for the stocks. Other tycoons of Russia – Suleiman Kerimov and Elena Baturina – also intend to buy a piece of Sberbank, media reported earlier.
The bids for Sberbank were accepted from January 30 to February 20. The placement price was fixed at 89,000 rubles; the overall amount was around $10.5 billion.
Placing the issue in whole will drive the authorized capital of Sberbank from 60 billion rubles to 70.5 billion rubles. The bank will have 22.5 million common stocks and 50 million preferred stocks. Sberbank places its stocks only on domestic market – it needs the new issue to meet capital adequacy requirements of the Central Bank of Russia (CBR).
Nowadays, CBR holds 63.76 percent of Sberbank voting stocks. The remaining stocks are in free circulation with around 20 percent owned by foreign investors.
www.kommersant.com
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