The Russian government announced Monday that it plans to sell a 7.6 percent stake in Sberbank of Russia, the countrys largest commercial bank, and has hired Credit Suisse, JP Morgan, Morgan Stanley, Goldman Sachs International, and Moscow-based investment bank Troika Dialog to coordinate the offering.
A team of lawyers at Cleary Gottlieb Steen & Hamilton is advising Sberbank on the sale, which would drop the Russian Central Banks stake in Sberbank to just over 50 percent and which is expected to raise upwards of $5.05 billion.
