UPDATE: Bank Saint Petersburg sets buyback price at 55 rbl per share
(Adds details in second paragraph)
MOSCOW, Aug 6 (PRIME) -- The supervisory board of RussiaТs Bank Saint Petersburg has approved a buyback price of 55 rubles per share, and plans to spend 660 million rubles on the buyback program, the bank said in a statement on Monday.
The bank plans to buy back 12 million shares, and will collect bids from September 7 through October 7.
During the previous buyback program in late 2015, the bank bought bank about 3% of its shares worth about U.S. $600 million.
(63.4549 rubles Ц U.S. $1)