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Russia tries to jump-start privatization again by finally launching a sale of a $5B stake (7.6%)...

Russia tries to jump-start privatization again by finally launching a sale of a $5B stake (7.6%) in Sberbank (SBRBF.PK) after more than a year of delays. Who to thank? The Fed, whose new easing gave Russia a window in which to sell Sberbank into strength. CEO German Gref says it's the "best imaginable day of the past 15 months" to hit the market, and hopes for interest from China, Singapore and Hong Kong as well as others.
Comments (1)
  • Swass
    , contributor
    Comments (419) | Send Message
     
    I think the Putin way is to privatize to get capital, have a government take-over, wash and repeat.
    17 Sep 2012, 10:34 AM Reply Like
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