Unconventional Case: 5% Stake in Sovcombank Listed on Avito for 17 Billion Rubles

One of Sovcombank's oldest minority shareholders seeks to sell securities

Mikhail Klyukin, one of the oldest minority shareholders of Sovcombank (holding a stake since 2002), has put up approximately 5% of the bank's shares for sale through an advertisement on Avito. The total value of the package, based on stock market quotations (about 16.7 rubles per share), is estimated at approximately 17 billion rubles.

The bank declined to comment on the shareholder's plans and details of the deal. According to the publication, the offer has also been sent to other shareholders of ICLL "Sovco Capital Partners", which is the beneficiary of Sovcombank.

Experts doubt that it will be possible to sell the package at a premium, as such transactions usually involve a discount due to the lack of management control and liquidity issues. Legally, the sale requires compliance with certain procedures — notification of the Central Bank and participation of the registrar. The very fact of placing an advertisement on Avito is an unconventional move aimed at maximizing the reach of potential buyers and creating media buzz around the deal.

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