13 April 202009:25
Finance Ministry Buys Sberbank’s Shares for RUB 2.1394 trillion
UrBC, Moscow, April 13, 2020. Russia’s Finance Ministry purchased a shareholding in Sberbank for RUB 2.13943571 trillion (RUB 189.44 per share), the ministry’s website states. Now 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’, 11,293,474,000 ordinary shares were purchased from Sberbank (a 50% equity