PRIME-TASS. The Federal Agency for State Property Management will again hold an auction to sell 2.74% of National Reserve Bank (NRB), which is controlled by entrepreneur Alexander Lebedev, said the agency’s bulletin, Prime-TASS wired.
The first auction to sell the government’s interest was held last summer and was declared invalid as no bids were entered. At that time the initial price of 46,540 shares put up for sale was set at Rub 781 mln. At the second auction the Federal Agency for State Property Management set the bid price at Rub 473.2 mln.
However, the Federal Agency for State Property Management also set the minimal bid price, at which the shares can be sold, at 50% of the initial bid price of the previous auction, i.e. Rub 236.6 mln.
In line with NRB’s data, Lebedev owns 73.7% of the bank’s capital, VEB Capital CEO Yury Kudimov holds 18.38% and the authority’s equity stake equals 2.74%. Investment bank UBS holds 4.5% of the bank’s capital.
