Gref did not rule out the purchase of Sber shares from non-residents in the amount of more than 1 trillion rubles.

Sberbank (MOEX: SBER) analyzes the possibilities of buying back shares from non-residents at a 50 percent discount. However, “there are no specific plans yet,” said the head of Sberbank, German Gref. “Interfax” on the sidelines of the forum “Eco Altai. Thread of nature.”

Earlier, SberCIB currency strategist Yuri Popov noted during a webinar of the investment division that the amount of repurchase from non-resident shareholders could exceed 1 trillion rubles, it was reported “Vedomosti”. Mr. Popov estimated the share of Sberbank securities in the hands of foreigners at 35%, or 2.1 trillion rubles.

Mr. Gref did not specify the current size of Sber shares owned by non-residents. “By the annual meeting of shareholders, I think we will be able to say the exact figure,” he said. The annual meeting of shareholders following the results of 2022 was held on April 21.

Magnit Company September 14 bought it out 21.5% shares for 48.5 billion rubles. from foreign investors. In August, a request was made to the government to buy out 25% of its authorized capital from non-residents at half price entered from the oil company LUKOIL.

September 21, Director of the Financial Policy Department of the Russian Ministry of Finance Ivan Chebeskov statedthat companies that bought back their shares from foreign investors must return part of the securities to the stock exchange within a certain period of time.

On February 28, 2022, the Bank of Russia limited the export of capital from Russia to non-residents in response to sanctions. However, private foreign investors continue to hope for the unlocking of frozen assets in the Russian Federation.

More details in the material “The ice cracked on the briefcases”.

Alexandra Goroshilova