Mishustin and Gref commented on the sale of Sberbank

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www.vsyako.netMikhail Mishustin and Herman Graffoto: Dmitry Astakhov / RIA Novosti

Prime Minister Mikhail Mishustin and head of Sberbank German Gref discussed the details of the sale of a controlling stake to Sberbank from the Central Bank to the government, reports “Interfax”.

“We fully agreed on a plan of action, which in a short time period of interaction with the government and the Central Bank must ensure the actual transfer of shares under the control of the government and the formation of new governments before the annual meeting of shareholders”, — said Gref.

According to him, the shares of a credit organization will be transferred to the national welfare Fund (NWF), and the formal owner will Finance. Also, the head of Sberbank, expressed confidence that “the long-term interests in the company’s development will be supported”, and noted that the NWF will receive from this investment higher yield compared to any of its current investments.

Transaction transferring control of the savings Bank from the Central Bank to the government, it became known on February 11. By its terms, the value of 50 percent plus one share of the largest Bank in Russia will amount to about 2.8 trillion rubles, which will be disbursed in several tranches, and then 75 percent of these funds will go to the budget.

Video, photo All from Russia.

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