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Sberbank head says better to privatise bank on market
(Reuters) – Privatisation of Russia’s biggest lender Sberbank SBER.MM should take place on the open market, the bank’s chief executive German Gref said on Wednesday.
“It is better to sell on the market, but if there is an investor who is willing to offer a premium, then this could be considered,” Gref told journalists. “Sale on the market is most transparent.”
He added, however, that it is too early to speculate about the bank’s privatisation process.
(Reporting by Dmitry Sergeyev; Writing by Lidia Kelly; editing by Melissa Akin)
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