20 Apr 2015 17:13

Federal Property Agency planning to privatize 0.001% stake in Sberbank, initial price - 21.2 mln rubles

MOSCOW. April 20 (Interfax) - The Federal Property Agency is planning to privatize 283,000 ordinary shares of Sberbank at a starting price of 21.225 billion rubles, a relevant order was published on the website of the agency.

The charter capital of Sberbank is 21,586,948,000 ordinary shares and 1 billion privileged shares with a par value of 3 rubles each. So, the share package put on sale amounts to a slightly more than 0.001% of Sberbank's charter capital.

Sberbank's shares are now traded on the Moscow Exchange at about 73.3 rubles per share, so the entire share package that is proposed for privatization is estimated at 20.7 million rubles.

Sberbank's controlling stakeholder is the Central Bank of Russia.