Son of former Defense Minister Serdyukov ups stake in Bank St. Petersburg
MOSCOW. May 7 (Interfax) - Sergei Serdyukov has boosted his stake in voting shares of Bank St. Petersburg to 5.7% from 3.19%, bank materials show.
A source close to the bank told Interfax that Sergei Serdyukov is the son of former Russian Defense Minister Anatoliy Serdyukov. The source also said that Serdyukov had boosted his stake by acquiring shares in free float.
Serdyukov acquired the shares on April 27. Shares of Bank St. Petersburg were trading at 35.4 rubles apiece on the Moscow Exchange on April 27, meaning his stake in the bank can be estimated at 886.7 million rubles.
Shareholders of the bank include the husband of Federation Council speaker Valentina Matviyenko, Vladimir Matviyenko, with 2.65% stake, as well as Valery Puzikov, who is married to Anatoliy Serdyukov's younger sister, with 3.11% stake.
The bank is controlled by management and the head of its supervisory board, Alexander Savelyev, who has 23.7% of shares. He also has the option of increasing his stake to above controlling.
Bank St. Petersburg was Russia's 16th largest bank by assets at the end of Q1 2015, according to the Interfax-100 ranking.
