Sberbank settles down after $5.2bn record-breaker
The Central Bank of Russia sold a 7.58% stake in Sberbank on Tuesday evening for $5.2bn, in the largest ever secondary placement from Russia and the largest ECM deal from the country since 2007.
Pricing came in the middle of revised guidance, despite a solidly covered book at the top end, with the new London listing line trading at small discount and the locally-listed shares at a small premium.
See euroweek.com/equity later today for the full story.
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