Sberbank SPO Recognized as Deal of Year
OREANDA-NEWS. October 11, 2012. During the 8th Annual Forum of Large Businesses "Expert-400: Who creates the economy of Russia", Sberbank received the award in the nomination "Deal of the Year" for its successful SPO. Sberbank's SPO became the largest privatization deal in Russia, as well as the largest secondary placement in EMEA in 2011–2012 and one of the largest public offerings of 2012 in the world, reported the press-centre of Sberbank.
"This deal follows four years of painstaking work by the entire team at the bank," said Herman Gref, CEO and Chairman of the Management Board, Sberbank of Russia. "A quarter of a million people worked to achieve this goal. This was an international test that we passed with flying colors."
The "Expert-400" forum is an annual event organized by the Expert RA ratings agency and Expert magazine based on the publication of Expert-400, the rating of largest Russian companies.
The Expert-400 rating was established in 1995 and, since 1999, the quality of this project is controlled on an annual basis by PwC.
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