MOSCOW, Feb 11 (Reuters) - Russia’s finance ministry said on Tuesday that it would use the National Wealth Fund (NWF) to purchase the central bank’s state in Sberbank at a market price.
The Russian government in recent months has been in talks with the country’s central bank to buy the latter’s 50% plus one share stake in Sberbank.
The central bank would also make an offer to buy out the minority shareholders in Sberbank, the country’s largest lender, as part of a deal allowing the government to purchase a controlling stake in the bank.
Sberbank had no immediate comment. (Reporting by Polina Devitt, Darya Korsunskaya and Tatiana Voronova; Writing by Gabrielle Tétrault-Farber; Editing by Katya Golubkova and Alex Richardson)