19 Sep 2012 10:07

Sberbank prices SPO at 93 rubles a share, raises $5.2 bln

MOSCOW. Sept 19 (Interfax) - Sberbank proceed ordinary shares at 93 rubles or $3.04 each and Global Depositary Receipts (GDRs) at $12.16 in its SPO and will raise a total of $5.2 billion from the sale of 7.58% of its stock (7.94% ordinary shares) that was owned by the Central Bank.

The shares were sold in the middle of the price range amid strong demand from foreign investors, the CBR and Sberbank said in a joint statement.

The SPO values Sberbank at $68.7 billion.

The bank offered a total of 1,712,994,999 ordinary shares on the international and local stock exchanges.

The SPO reduces the CBR's stake in Sberbank to 50% plus one share. New capital was not raised.