UPDATE: Bank Saint Petersburg sets buyback price at 55 rbl per share - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

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)

End

06.08.2018 13:43
 
 
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