Investors say Sberbank’s shares to go up

'A holding of URSA Bank’s shares that Troika Dialog has recently acquired only makes it a minority shareholder and offers the company no substantial control over the bank; however, Troika Dialog is definitely going to become a more influential expert and consultant,’ Finam Investment Bank’s analyst Vladimir Sergievskiy said to UrBC. 'URSA Bank has been doing business with Troika Dialog for a while now; their latest success story involved going through with two preference share issues in 2006 and 2007 that made URSA Bank’s capital rise by $488m. I think Troika Dialog is interested in

‘The shares of Sberbank of Russia going through the so-called ‘people’s IPO’ are definitely not attractive for most investors. To start with, it is unclear how the money obtained in the course of the initial offering is going to be used, so the funds are likely to be inefficiently ‘dispersed’. Then, it is the Central Bank of Russia that is acting as the underwriter, and this bank is allowed by the central financial authorities to sustain funds through issuing shares and securities. So the stock floatation is meant for something different from traditional investment purposes,’ says Vsevolod,

A press conference on the bank’s new developmental stages organized by URSA Bank’s top management and the bank’s business partners was held in Interfax’s press center. It was announced that Russia New Growth Fund managed by Troika Capital Partners (TCP) had bought URSA Bank’s shareholding consisting of 7.4% of the bank’s ordinary shares acquired from S.M. Capital Group. ‘Troika Dialog was the first investment company to start doing business with URSA Bank long before other investors first heard of this provincial bank. Today, URSA Bank is one of Russia’s most successful banks,’ Troika

URSA Bank went through with the issue of 194,163,000,000 preference shares with face value of 1 RUR each. The shares were offered at $2.1 per share, which brought the bank $407.8 million. The annual dividends were declared at $.081 per share. The money thus obtained by URSA Bank will be spent on business development. The issue was generally coordinated by Troika Dialog, the major bookrunner, with the help of HSBС Bank Plc that dealt with the share distribution in Asia and the Middle East. The shares were acquired by a large variety of both Russian and foreign investors. Troika Dialog reports

A press conference on the bank’s new developmental stages organized by URSA Bank’s top management and the bank’s business partners was held in Interfax’s press center. It was announced that Russia New Growth Fund managed by Troika Capital Partners (TCP) had bought URSA Bank’s shareholding consisting of 7.4% of the bank’s ordinary shares acquired from S.M. Capital Group. Experts’ estimates of the bank’s capitalization range from $2.5bn to $2.4bn. URSA Bank has been doing business with Troika Dialog for a quite a while now; their latest success story involved going through with two preference