SOFAZ buys shares of VTB Bank

Mon 29 April 2013 10:03 GMT | 15:03 Local Time

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State Oil Fund of Azerbaijan, Qatar Sovereign Fund and Norway Sovereign Fund were selected as strategic investors in placement of additional share emission of VTB Bank.

According to APA-Economics, the volume of the issue is RR 102.5 bln (quantity – 2.5 trilions, face value – RR 0.041).

Note that the emission has already been registered by Russian Bank. The prices are 9% lower than market quotations.

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