Russia’s Richest Person to Transfer Rosbank Shares to Foundation
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Sanctioned billionaire Vladimir Potanin, Russia’s richest person, said he’s transferring some of his shares of Rosbank PJSC to his charitable foundation.
Potanin’s firm, Interros, “has begun the process of transferring up to 50%” of shares in the Russian bank to his foundation, the company said Wednesday in a statement on its website. It’s also shifting as much as 10% of its Rosbank holdings to an incentive program for the lender’s employees, who will receive digital financial assets linked to the stock.