Russia's cbank to offer Sberbank minority shareholders buy-out chance as part of sale

 Russia's cbank to offer Sberbank minority shareholders buy-out chance as part of sale

Russia’s central bank will offer to buy back the shares of minority shareholders in Sberbank as part if its deal to sell the lender to the finance ministry, Governor Elvira Nabiullina said on Thursday, Reuters reports.

Nabiullina said the central bank does not expect the sale of its Sberbank stake to have any impact on inflation or the money market.

Russia’s finance ministry said it will tap its National Wealth Fund (NWF) to buy the central bank’s 50%-plus-one-share in the country’s largest lender and is ready to pay the first 1.2 trillion roubles ($18.9 billion) of the deal this spring.

($1 = 63.5800 roubles) (Reporting by Elena Fabrichnaya, Writing by Alexander Marrow, Editing by Andrew Heavens

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