OREANDA-NEWS. August 25, 2009. Brokers have sold 810,000 Sberbank GDRs at EUR 118 apiece, market sources said. According to the sources, the stake of a Western institutional investor was sold via the order book. The amount of the transaction was about EUR 96 mn.

“Sberbank has nothing to do with this transaction. Deutsche Bank’s program remains as is, as only one investor was selling its GDR holdings which the market purchased”, a source close to Sberbank’s management said. The bank declined to comment. On the Frankfurt Stock Exchange, Sberbank GDRs traded at EUR 126.5 on Monday.