Today, investors will be offered the chance to tap into the Russian banking sector after the offering of a 7.6% stake in Russian’s largest bank, Sberbank.

The Russian state will retain control of the bank with a 50% plus 1 share, as up to 1,712,994,999 of Sberbank’s ordinary shares are sold through the Micex – the Russian stock exchange – and global markets.

Credit Suisse, Goldman Sachs, JPMorgan and Morgan Stanley are joint global co-ordinators and bookrunners (securities underwriters) on the deal, alongside Troika Dialog, a subsidiary of Sberbank.

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