September 17, 2012 / 6:23 AM / 5 years ago

Sberbank shares down 2 pct after stake sale announcement

MOSCOW, Sept 17 (Reuters) - Shares in Russia's top lender, Sberbank, were down 2 percent in early trade in Moscow, after the announcement of a sale of a 7.6 percent stake early on Monday.

Sberbank's shares were trading at 95.5 roubles ($3.13) versus Friday's closing price of 97.05 roubles.

The lender started the long-awaited 7.6 percent stake sale on Monday as part of a broad privatisation move, with a price range set at between 91 roubles and the market price at the time the book closes, which could be as early as tomorrow. ($1 = 30.4837 Russian roubles) (Reporting by Katya Golubkova)

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