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Provider: Auerbach Grayson & Co., Inc.
$35.00
Provider: Auerbach Grayson & Co., Inc.
$35.00

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VTB Bank OAO Plans to Sell Investlesprom to AFK Sistema OAO-Interfax


Friday, 27 Sep 2013 08:47am EDT 

Interfax reported that VTB Bank OAO (VTB) is planning to sell Investlesprom holding to AFK Sistema OAO (Sistema) for approximately RUB 15 billion, President - Chairman of the Management Board of VTB Mr. Andrey Kostin said at the 2013 Sochi investment forum. The term sheet has been signed and in a few weeks the companies can sign a legally binding document, Mr. Kostin said. Sistema‚Äôs press service declined to comment. 

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