YEREVAN, April 19. /ARKA/. VTB, Russia’s second-biggest bank, will hold a secondary share sale this year, Olga Dergunova, the head of the state property agency, said on Friday. “VTB bank is planned for (share) placement this year,” Dergunova told reporters, according to Reuters..
VTB Chief Executive Andrei Kostin said last month the state-controlled bank planned a 100 billion rouble ($3.16 billion) share sale in Moscow, part of a broader privatisation drive by Russia.
A month ago first deputy prime minister Igor Shuvalov told reporters VTB planned a secondary share sale in 2013 autumn worth tens of billion rubles through Moscow Stock Exchange. Shuvalov said in November 2012 that the government was willing to reduce its stake in VTB to 50 percent from 75.5 per cent. -0-
