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Russia's Sberbank may be privatized with controlling or blocking stake retained — minister

Sberbank performs an important social function and therefore caution should be exercised when privatizing it

MOSCOW, May 16. /TASS/. Sberbank may be privatized with controlling or blocking stake retained by the government, Russian Minister of Economic Development Alexey Ulyukayev said on Monday on the air with Rossiya 24 TV Channel.

"Holding a controlling stake [of Sberbank shares - TASS] and reducing the government’s stake to the blocking package is fairly possible and makes possible to eliminate existing risks," the minister said.

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