icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Sberbank's shares gain value

Sberbank's shares gain value
Sberbank's new shares have already appreciated 9% above the original placement price. Experts say Sberbank will generate close to $US 8.8 BLN from the additional public share issue.

Sberbank is Russia's largest bank, and over 60% of its shares are controlled by the Central Bank. It placed a major shares offering on the public market recently. Many Russian entrepreneurs and minority shareholders applied to buy into Sberbank.

Among the subscribers is top businessman Alisher Usmanov – the co-owner of Gazmetal, a leading metals and mining company. Gazmetal says Mr Usmanov is buying stock worth $US 800 MLN.

Analysts believe attracting such large investors has simplified and secured the Sberbank's placement.

Podcasts