Savings Bank has prepared a "troika" to privatization

The title of consultant in the privatization transaction to 7.6% of the shares of Sberbank claim 16 of the 23 investment banks accredited under the privatization program. The decision to choose a consultant, as well as the privatization scheme would take the owner sold stake - the Central Bank. In the Savings Bank expects that the decision will be made until late May, with the Bank of Russia will choose a subsidiary investment company of the Savings Bank - Troika Dialog. About this newspaper Kommersant on Thursday, May 5. Interest in the status investkonsultanta for sale in 2011, 7,6% of shares in the privatization of the Savings Bank were of 16 banks, they have already filed an application to the Ministry of Economy, said Wednesday at a press briefing the director of the Department of Property Relations of the Ministry of Economy Alexey Uvarov. Total to participate in the privatization of state assets by 2013 the government selected 23 of the investment. According to Mr. Uvarov, with all candidates to participate in the privatization of state assets stipulated upper limit of compensation - no more than 2% of the transaction. It is thus, according to Kommersant, was reward investment banks that participated in the privatization of 10% stake in VTB. The decision on choosing a bank consultant and other state assets privatization scheme will be hosted by the Government, in the case of Sberbank, these functions were transferred to the Central Bank. "Central Bank is a shareholder of Sberbank, and the government decided that the Bank of Russia will deal with all events (the selection investkonsultanta, pre-sales and marketing) as part of its privatization," - said Alexey Uvarov. Earlier, Central Bank First Deputy Chairman Alexei Ulyukayev said that the scheme of allocating shares of the Savings Bank will be close to what it was at VTB. 10% stake in bank VTB were sold in February on the open market for $ 3.3 billion transaction performed by the Consultant Merrill Lynch, one of the organizers of the accommodation also includes VTB Capital and Deutsche Bank. According to a source of Kommersant at the Savings Bank, a consultant on the privatization of the Savings Bank will be chosen from 16 banks-applicants before the end of May: "The list of candidates is the" Troika Dialog ", and of course we would like the choice fell on her .. . Can not find an IPO or SPO, in which the parent company would not attract investment bank subsidiary. I think the chances of "Troika Dialog" to win big, because the subsidiary can always offer more favorable terms than independent players. " At the same time, the newspaper notes, the official refused to comment in the Savings Bank. Sberbank plans to determine the price of privatization package, based on quoted market prices, said Wednesday the president of Sberbank, German Gref. May 4 at the MICEX Stock Exchange closing price per ordinary share of the Savings Bank was 96.4 rubles., 7,6% stake in Sberbank worth about $ 5.8 billion, that is the maximum possible compensation consultants (2%) could reach about $ 116 million Investment banks do not intend to abandon the struggle for the right to receive part of this amount. "The successful placement of privatizing the package on the open market, a syndicate of banks should be wide enough - six or seven members, with the main advisor on the transaction may serve any one bank", - says head of investment banking at Renaissance Capital in Russia Alexander Merzlenko. According to the CEO of UniCredit Securities Sergei Sidorov, Troika Dialog, is likely to be chosen as one of the organizers of the placement, however, the main consultant on the deal, likely will be chosen by a global bank, which has extensive experience working with foreign investors.