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Sberbank’s Gref Sees State Selling 7% Next Year, Part on Market

Dec. 1 (Bloomberg) -- Russia plans to sell 7 percent of OAO Sberbank next year, part on the open market and part to a strategic investor, said Chief Executive Officer German Gref.

Sberbank also plans to buy or set up an investment bank next year, Gref told reporters today in Moscow

Link to Company News:{SBER RU <Equity> CN <GO>}

To contact the reporters on this story: Anton Doroshev in Moscow at adoroshev@bloomberg.net

To contact the editor responsible for this story Mark Sweetman in Moscow at msweetman@bloomberg.net

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