Bank of Russia sells its equity stake in Sberbank

The Bank of Russia hereby notifies the general public of having sold its equity stake in Sberbank to the Government of the Russian Federation.

In accordance with Article 1 of Federal Law No. 50-FZ, dated 18 March 2020, ‘On the Acquisition by the Government of the Russian Federation of Ordinary Shares of Public Joint-Stock Company Sberbank of Russia from the Central Bank of the Russian Federation and on Invalidating Certain Provisions of Legislative Acts of the Russian Federation’, on 8 April 2020 the parties concerned signed the agreements for sale and purchase of the 50% equity stake (11,293,474,000 ordinary shares) plus 1 ordinary share of Sberbank held by the Bank of Russia.

The price of one share was defined in the agreements as the weighted average price of Sberbank’s ordinary shares at the close of trading at the Moscow Exchange over the 30-day period from 9 March 2020 to 7 April 2020 and amounted to 189.44 rubles per share.

On 10 April 2020, the 50% of Sberbank’s ordinary shares (11,293,474,000 shares) were transferred to the Government of the Russian Federation. The transfer of 1 share remaining with the Bank of Russia will be effected pursuant to the relevant agreement by 6 May 2020.

The Bank of Russia continues to hold this one share since this is necessary to conclude a shareholder agreement between the Bank of Russia and the Government of the Russian Federation.

При использовании материала ссылка на Пресс-службу Банка России обязательна.