Min buys 1.49 tln rbl for foreign currency for Sberbank deal Mar
MOSCOW, Apr 6 (PRIME) -- The Russian Finance Ministry sold U.S. $8.7 billion, 7.9 billion euros and 1.6 billion British pounds to the National Wealth Fund for 1.494 trillion rubles in March in order to finance the purchase of a stake in Sberbank, the ministry said in a statement April 3.
The central bank owned a 52.32% stake of common shares of Sberbank, which translates into a 50% plus one share stake in the charter capital. The government acquired the stake at market price, and the Finance Ministry estimated the price at about 2 trillion rubles as of March 12.
(77.7325 – U.S. $1)