Monday, September 20, 2010

Privatization Of Sberbank In Russia

Privatization of the Russian largest bank Sberbank could be held in the form of SPO, Elvira Nabiullina told reporters in Sochi. "We need to sell. It is necessary to examine all aspects. I believe it is preferable to do it on the market. Perhaps it will be done in the form of SPO", - she said, answering journalists' questions about the options for privatization of the Sberbank. 
Sberbank's CEO German Gref has once again confirmed the information to journalists that the bank is not in talks with a strategic investor for the sale of state shares of the bank. "Negotiations are not conducted - he said - until there is no strategic investor."

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