Central bank ready to sell Sberbank stake
The market capitalization and volume of demand would be the decisive factors in deciding a particular moment for the deal. “We would like it to be a model operation so that we can have a quality group of investors and a large amount of demand,” says Ulyukayev. "For us, prices close to the previous placement would be indicative. Now they are 87 roubles per share, but we are interested in a level closer to 100," he added. Among other Sberbank initiatives voiced in Davos were the start of operations in about 8 European countries and further expansion to Poland and Turkey.For more from Davos watch Sergey Gorkov, Deputy Chairman of Sberbank, talking to RT.