UPDATE: Sberbank CEO says government should sell shares, not raise taxes - 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: Sberbank CEO says government should sell shares, not raise taxes

(Adds comments in paragraph 5)

MOSCOW/ST. PETERSBURG, Jun 8 (PRIME) -- The government should rather sell some of the central bankТs 52.32% common shares in RussiaТs top bank Sberbank and spend the money on reforms rather than raise taxes, Sberbank CEO German Gref said in a news conference on Friday.

УI think they should not hold it, I see no reason to hold it,Ф he said, adding that the government could sell the stake instead of raising taxes.

But Sergei Ignatyev, chairman of SberbankТs supervisory board, said that the central bank should not cut the stake.

Gref also said that Sberbank had not discussed interim dividends with the regulator.

But Central Bank First Deputy Chairman Sergei Shvetsov told reporters that the regulator is not discussing sale of any shares in Sberbank as the law directly prohibits it.

Central bankТs stake in SberbankТs shareholder equity amounts to 50% plus one share, while foreign companies own 45.6%, Russian companies 1.5%, and private investors 2.9%.

End

08.06.2018 18:40
 
 
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