Wednesday, September 1, 2010

Head of Sberbank Intends to Sell a Stake of Russia's Largest Bank

The head of Russian "Sberbank" German Gref offered to sell a stake in Russia's largest bank on the open market and to consider privatization in favor of a strategic investor only if he offer premium to the market price.
"To sell on the market is the best. However, if a strategic investor offer a premium to the market price, it can be discussed. But while sales in the market is the most transparent," -
agency Reuters quoted Gref.

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