13 February 202009:09
Russian Government to Consider Sberbank Share Buyout on February 13
UrBC, Yekaterinburg, February 13, 2020. The Russian Government intends to consider the draft bill on Sberbank share buyout on Thursday, February 13; the draft bill has been proposed by the Finance Ministry and the Central Bank. According to RIA Novosti, the Russian Government is planning to but the majority interest in Sberbank at market value using the National Wealth Fund’s money. Under the terms of the draft bill, the minority shareholders will have a one-time opportunity to buy the shares at the same price as what the Cabinet will be paying for their shareholding. ‘The draft bill will get