Sberbank's final stake in the company Element amounted to 49.8%
Sberbank's final stake in the company Element amounted to 49.8%.
Consensus
- Sberbank acquired an additional 7.9% of shares in PАО 'Element' in May 2026 through a mandatory offer launched in February 2026.
- The cost of the May 2026 acquisition was 5.4 billion rubles.
- After this transaction, Sberbank's ownership stake in 'Element' reached 49.8%.
- 'Element' is a Russian company engaged in microelectronics and semiconductor production.
- 'Element' was established in 2019 through the merger of assets from Rostec and AFK Sistema.
Points of divergence
- Sberbank completed a deal in January 2026 to acquire 41.9% of 'Element', including 37.6% from AFK 'Sistema' and 4.3% from minority shareholders, for a total of 27 billion rubles. — kommersant
- At the time of creation in 2019, Rostec held 49.99% of 'Element' shares and AFK 'Sistema' held 50.01%. — kommersant
- In January 2026, AFK 'Sistema' announced the sale of its 37.6% stake in 'Element' to Sberbank and stated that it fully exited the joint venture with Rostec. — vedomosti
- Following the acquisition, all assets of AFK 'Sistema', except for 'Corporation of Robots', were transferred to Sberbank, along with management of production assets. — vedomosti
Coverage (3 sources)
- Shares of 'Element' jumped by more than 21% on news of Sberbank's rising stake — Коммерсантъ
- Sberbank increased its stake in Element to nearly 50% — Коммерсантъ
- Sber additionally purchased 7.9% of Element for $540 million — Ведомости