Sberbank: Sberbank announces its controlling stake sold to Russian Ministry of Finance as part of National Wealth Fund placement

Sberbank (SBER) 
Sberbank: Sberbank announces its controlling stake sold to Russian Ministry 
of Finance as part of National Wealth Fund placement 
 
10-Apr-2020 / 12:26 MSK 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
*Sberbank announces its controlling stake sold to Russian Ministry of 
Finance as part of National Wealth Fund placement* 
 
_April_ *10, 2020, Moscow *_-_Sberbank notifies its shareholders and 
customers of the closing of the deal to acquire ordinary shares in the 
Public Joint-Stock Company Sberbank of Russia by the Ministry of Finance of 
the Russian Federation. The Ministry of Finance of Russia has acquired a 
controlling stake in Sberbank PJSC from the Central Bank of the Russian 
Federation - 50% of the authorized capital, or 52.32% of the bank's entire 
pool of voting shares, with one ordinary voting share of Sberbank still 
owned by the Central Bank of the Russian Federation. The purchase is part of 
the placement of funds of the National Wealth Fund of Russia. 
*Herman Gref, CEO, Chairman of the Executive Board, Sberbank:* 
"I would like to thank the Central Bank of Russia for its extremely positive 
contribution to the development of Sberbank as its largest shareholder, and 
I welcome the National Wealth Fund of Russia represented by the Ministry of 
Finance of Russia as the new shareholder. In fact, via the National Wealth 
Fund the whole nation of Russia is becoming a Sberbank shareholder and the 
main beneficiary of its operations. The entire team of top executives and I 
will make every effort to ensure that the goals of Sberbank's strategy aimed 
at creating the most advanced services for customers, technological 
leadership, ecosystem development, and profit growth get achieved." 
On March 18, 2020, the President of Russia Vladimir Putin signed Federal Law 
No. 50-FZ On the Acquisition of Ordinary Shares in the Public Joint-Stock 
Company Sberbank of Russia by the Government of the Russian Federation from 
the Central Bank of the Russian Federation and the Invalidation of Certain 
Provisions of the Legislative Acts of the Russian Federation. 
 
# # # 
*Sberbank* 
Alexander Baziyan 
Press office 
Tel.: [phone] 
[e-mail] 
 
*Sberbank* is Russia's largest bank and a leading global financial 
institution. Sberbank holds almost one-third of aggregate Russian banking 
sector assets, it is the key lender to the national economy and the biggest 
deposit taker in Russia. The Government of the Russian Federation is the 
principal shareholder of Sberbank owning 50% of the bank's authorized 
capital, with one ordinary share held by the Central Bank of the Russian 
Federation and the remaining 50% minus one share held by domestic and 
international investors. Sberbank has customers in 18 countries. Sberbank 
has the largest distribution network in Russia with about 14,000 branches, 
while its international operations - subsidiary banks, branches, and 
chapters - include the UK, US, CIS, Central, and Eastern Europe, India, 
China, and other countries. 
The bank holds general banking license No. 1481 issued by the Bank of 
Russia. 
Official websites of the Bank: www.sberbank.com [1] (Sberbank Group 
website), www.sberbank.ru [2]. 
 
ISIN:          US80585Y3080, RU0009029540, RU0009029557, US80585Y4070 
Category Code: MSCH 
TIDM:          SBER 
LEI Code:      549300WE6TAF5EEWQS81 
Sequence No.:  57787 
EQS News ID:   1020271 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f3404b78992d31b00b8d7a87b51a05ec&application_id=1020271&site_id=vwd&application_name=news 
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=378682496d93ad736271d8948eaf036a&application_id=1020271&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

April 10, 2020 05:26 ET (09:26 GMT)