SOCHI, Russia (Reuters) - Businessmen Mikhail Gutseriyev has increased his control of Russian mid-sized oil producer Russneft after Sberbank (SBER.MM) sold him its 2 percent stake in the firm, Sberbank's Chief Executive Officer German Gref said on Friday.
"We have already sold (our stake), earned good money. Gutseriyev owns 100 percent of Russneft," Gref told reporters.
Russneft was set up in the early 2000s from scratch when Gutseriyev, formerly the head of the state-controlled oil firm Slavneft, bought some of Slavneft's assets at knock-down prices soon after its privatisation.
(Reporting by Katya Golubkova; writing by Vladimir Soldatkin; editing by Alessandra Prentice)