24 Sep 2012 13:44

Sberbank lists depositary receipts in UK

MOSCOW. Sept 24 (Interfax) - Sberbank has received admission to the Official List of the UK Financial Services Authority for global depositary receipts and American depositary receipts, the bank said in a statement.

Unconditional trading in the depositary receipts started on the LSE on Monday.

The application for admission was made in connection with an offering of up to 1,712,994,999 ordinary shares of Sberbank (representing 7.58% of its total issued share capital) in the form of ordinary shares and global depositary shares by the Central Bank of Russia.

The CBR sold the 7.58% of Sberbank in an SPO this week, raising $5.2 billion. Conditional trading in GDRs sold as part of the offering began on the LSE on September 19.