The sale of a 7 percent state-owned stake in Russia's biggest lender Sberbank (SBER03.MM) may take place second half of 2011 in the course of a privatisation programme, the bank's CEO said on Monday "We are discussing it actively with the central bank. We will try to place (the 7-percent stake) in the second half of the year," German Gref told journalists. Earlier this month, Russia's second biggest bank VTB (VTBR.MM) has kicked off massive state privatisation drive, raising nearly $3.3 billion. [ID:nLDE71D07N] (Reporting by Denis Dyomkin; Writing by Andrey Ostroukh; Editing by Melissa Akin)
Source
