London Stock Exchange welcomes Sberbank
Wednesday 26th September 2012
London Stock Exchange is pleased to welcome Sberbank of Russia (“Sberbank”) after the admission of its global depository shares (“GDSs”) and American depositary shares (“ADSs”) to the official list of the UK Listing Authority and to trading on the regulated market for listed securities of the London Stock Exchange through the regulated market segment of the International Order Book.
Sberbank is the largest bank of Russia that holds about 27% of the Russian banking assets and employs nearly 240,000 people. The Bank has one of the largest networks in Russia: 17 territorial banks, about 19,000 branches as well as subsidiaries in Kazakhstan, Ukraine and Belarus, a branch in India, representative offices in Germany and China. With the acquisition of Volksbank International in 2012 Sberbank gained presence in nine Central and Eastern European countries.
Herman Gref, President and Chairman of the Executive Board of Sberbank, said:
“For Sberbank transition from admittance to trade to a full listing on the London Stock Exchange is a natural evolutionary step. It further broadens and diversifies the universe of international investors who can access our shares as we continue to deliver on our long-term strategy.”
The GDSs are traded under the ticker symbol “SBRF” and the ADSs under the ticker symbol “SBER”.
Credit Suisse, Goldman Sachs International, J.P. Morgan, Morgan Stanley and Troika Dialog are acting as Joint Global Coordinators and Joint Bookrunners in connection with the Global Offering. Cleary Gottlieb Steen & Hamilton and Linklaters acted as legal advisers to the transaction and FTI Consulting were communications advisers.