This content is not available in your region

Moscow pounces on market to sell Sberbank

Moscow pounces on market to sell Sberbank
Text size Aa Aa

Taking advantage of the share’s highest price since April the Russian government is resuming its privatisation campaign by selling Sberbank, Europe’s third-largest bank by equity value.

7.6% percent of Sberbank is on offer for about 3.8 billion euros. Originally offered 12 months ago, the sale was abandoned as markets slumped in the wake of the eurocrisis.

Sberbank is Russia’s most actively-traded share, and by one measure the world’s most successful large company stock after Apple over the last 10 years.

Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.