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CBR to Narrow to 56.9 Percent in Sberbank
After placing new stocks of Sberbank, the share of Central Bank of Russia (CBR) in it will probably go down to 56.9 percent, while the share of common stocks will narrow to 59.6 percent, Interfax reported Wednesday citing Sberbank Board Chairman Andrey Kazmin.
Stock capital of Sberbank will step up by 8.5 billion rubles to 68.8 billion rubles once 106 billion rubles is additionally collected from investors that are not its holders yet, Kazmin said.
For this purpose, Sberbank is to place 2.8 million common stocks.
Sberbank’s principal holder, CBR, redeemed 892,601 stocks worth 79.4 billion rubles (54 percent of stocks placed under the right of first refusal).
Overall, Sberbank may place 3.5 million stocks; the par value of each stock is 3,000 rubles. The holders redeemed 46.96 percent of the placement size under the right of first refusal.
www.kommersant.com
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