Russian central bank may sell nationalised lender to ‘strategic investor’
Bank of Russia says it could bring sale of Otkritie forward if right buyer can be found
Russia’s central bank has said it may sell a nationalised major lender, Otkritie Bank, to a single “strategic investor”, rather than auction shares in it.
The Bank of Russia took control of Otkritie Bank in August 2017 and later alleged major fraud by two of its largest shareholders. It placed Mikhail Zadornov, an experienced banking executive and former finance minister, in charge of the bank in January 2018.
In April, Zadornov said the Russian state would auction shares in Otkritie to a
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