UPDATE: Bank Saint Petersburg sets buyback price at 55 rbl per share

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MOSCOW, Aug 6 (PRIME) -- The supervisory board of Russia’s 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 – U.S. $1)

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