February 12, 2020 / 1:06 PM / 13 days ago

Sberbank says plan agreed to move its shares to govt control quickly - Ifax

MOSCOW, Feb 12 (Reuters) - The CEO of Russian state lender Sberbank, German Gref, said a deal had been struck to hand over Sberbank’s shares to government control in a “short space of time”, the Interfax news agency reported.

Gref was speaking on Wednesday at a meeting with Prime Minister Mikhail Mishustin a day after a deal was announced for the government to buy the central bank’s stake in Sberbank. (Reporting by Vladimir Soldatkin; writing by Tom Balmforth; editing by Louise Heavens)

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