OREANDA-NEWS. February 03, 2010. Sberbank announces buyout offer for 6.7% stake in Belarusian BPS-Bank. Russian Sberbank, which last year purchased state-run BPS-Bank, has made a buyout offer to minority shareholders for the remaining 6.7% stake, the Belarusian bank said.

Sberbank intends to purchase 60.25 mn commons and prefs at BYR955 (USD 0.33) per share from February 5 to August 4, 2010. Based on this price, it will cost Sberbank about USD 20 mn to buy out all the shares.