MOOCOW, March 27 (RIA Novosti) - The supervisory board of Russia's state-run retail savings bank Sberbank [RTS: SBER] approved Tuesday the results of the bank's new share offering.
Sberbank held its domestic rights offering of 3.5 million new shares at 89,000 rubles (about $3,396) per share through open subscription between February 22 and March 24.
"During the placement, 2,587,000 shares were sold at a price of 89,000 rubles per share. A total of 230.2 billion rubles (about $8.86 billion) went into Sberbank's account, and 95% of the bids submitted were paid for," the supervisory board said in a statement.
Overall, Sberbank placed 73.9% of its new share offering, the bank's press office earlier said.
The bank's existing shareholders exercised their pre-emptive rights to purchase 1,643,489 shares, worth 146.3 billion rubles (about $5.57 billion), which represents 99% of their submitted bids or 46.96% of the new share offering, Sberbank said earlier.
Sberbank CEO Andrei Kazmin earlier said demand for the new share offering had largely come from the domestic market, with 49,197 applications filed during the placement, including 262 requests from non-residents submitted through brokers.
