New York - based Deutsche Bank Trust Company Americas announced the launch of non-sponsored global depository receipts, each GDR comprising Sberbank shares allowed to be bought by non-residents
Published:
31 March 2004 y., Wednesday
New York - based Deutsche Bank Trust Company Americas announced the launch of non-sponsored global depository receipts, each GDR comprising Sberbank shares allowed to be bought by non-residents.
The first stage of this program will involve 4.9 percent of Sberbank shares, but this amount might be increased to 19.9 percent, the United Financial Group reported. Non-residents own 18 percent in Sberbank, according to this institution's data. UFG analysts consider this decision to be a positive factor for Sberbank, because this program might help Sberbank improve its liquidity profile and might result in a decrease in the discount rate for its shares. The new fare share price is $470, analysts believe.
Šaltinis:
themoscowtimes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »