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Multibillionaire Lebedev seeking buyers for a controlling stake in his bank

Author: Andrei Ivanov Section: Business News
Tags: Lebedev
National Reserve Corp. (NRC)’s principal stakeholder, Alexander Lebedev, announced in May that he had been in active negotiations with potential investors about selling a controlling stake (about 56%) in NRC, saying negotiations had been held with major foreign investors, notably, Warren Buffett, and representatives of the domestic investment community, such as Onexim Group owner Mikhail Prokhorov. 

However, these globally famous investors have not shown interest in billionaire Lebedev’s financial empire bastion. “Such a huge stake (56%) is too big for one investor to purchase, therefore I do not exclude the possibility of selling it in parts, especially as some investors are ready to buy stakes in NRB,” he added, noting that after the sale, his share in the bank will drop to about 20%. The multibillionaire specially emphasized that his bank does not have any problems, “as it has a clear structure of assets and liabilities, as well as professional management.”