Sberbank will probably not place GDRs in Q1 2010 - Zlatkis
MOSCOW. Dec 10 9Interfax) - Sberbank will likely not place its GDRs in the first quarter of 2010, the bank's deputy chairperson, Bella Zlatkis, told journalists.
"My expert estimation is that I do not think [it will happen] in the first quarter," Zlatkis said, adding that it would be uncomfortable to place global depositary receipts in the first quarter. However, she did not specify when the bank plans to place the GDRs.
"Our main task was to work with the Federal
Financial Markets Service (FFMS) so that it amends and implements legislation," she said, adding that no decisions have been made so far for GDRs.