Support The Moscow Times!

Sberbank's Bourse Share Up

Sberbank could get a stake of 11 to 12 percent in the united stock exchange after an expected merger between MICEX and RTS is completed, the bank's deputy chief executive said Thursday.

"Troika Dialog could increase our stake by 3 to 4 percent," Bella Zlatkis said, referring to the brokerage Sberbank bought this year. "Maybe together it [Sberbank's stake] will be 11 to 12 percent," she said.

Sberbank is a shareholder of both stock exchanges, which recently announced a nonbinding agreement to merge into an exchange worth $4.6 billion. The Central Bank wants to see the merger completed by mid-2012, followed by an initial public offering of the united exchange.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.