The Russian government will buy the Bank package the Bank's 2.5 trillion rubles

Photo: TASS/Anton novoderezhkin

the Government will redeem from the Central Bank 50% + 1 share of Sberbank over 2.5 trillion rubles, RIA Novosti reported, citing Finance Minister Anton Siluanov.

the Minister said that the bill on the deal on Sberbank included in the package of budget amendments for the years 2023-2022, prepared by the Ministry of Finance to implement the message of the President of the Russian Federation.

the Shares will be purchased gradually at the expense of the Fund’s assets at market value. It will be the average price during the 6 months prior to the date of the first transaction.

For the same price to minority shareholders of the savings Bank will set CB, and the first stage of the sale package.

it is Expected that combining the role of shareholder, regulator and Supervisory body may provoke a conflict of interest, and the sale of shares will remove this problem.

Earlier it was reported that “Children’s world”, “Magnet”, Sberbank and TCS Group and Magnitogorsk iron and steel works will be among the Russian entities that might benefit from an increase in the budget after the change of government.

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