Gref denied the information of the British press about the upcoming sale of the Sberbank package

The head of Sberbank, German Gref, did not confirm the information of the British The Sunday Times that the placement of shares of a credit institution as part of privatization will be held in London in two weeks, Interfax reports.

“No, this is not true,” he answered at the request of journalists to comment on the information of the publication.

According to him, the terms of the transaction will depend on market conditions. In March, similar information was already emerging in the media - then it was reported that the bank could begin the Road show placement of 7.6% of the shares belonging to the Central Bank of the Russian Federation in mid -April. Gref then stated that Sberbank did not make any decisions on the privatization of a stake package in April. “It may well be that we will accommodate in the first half of the year, it is also likely that it will be the second half of this year,” he said then.

Recall, Sberbank is included in the three-year privatization plan (2011-2013). The Central Bank of the Russian Federation involves the implementation of 7.58% of the shares of the bank. The Bank of Russia owns 60.3% of the ordinary shares of Sberbank (57.6% of the authorized capital). Sale was planned in the fall of 2011, but did not take place in view of the deterioration of the market situation.

Credit suisse, Goldman Sachs, Morgan Stanley, Jpmorgan and Three Dialogue privatization were selected financial consultants of Sberbank.

On Monday, The Sunday Times published an article stating that Sberbank could place shares worth $ 6 billion as part of privatization in London in two weeks.

If the transaction of the largest Russian bank is successful, other Russian companies will be able to enter the market of joint -stock capital, the newspaper noted.