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VTB Bank OAO Sells Rosbank Stake To Societe Generale


Monday, 7 Oct 2013 02:00am EDT 

VTB Bank OAO announced that it has signed a framework agreement with Societe Generale to sell VTB's 10% stake in Rosbank. Following the transaction, VTB no longer owns any shares in Rosbank. Under the agreement, VTB will also acquire from Societe Generale certain Russian assets including shares of liquid issuers as well as some loans and real-estate assets. 

Company Quote

0.03798
-4.0E-4 -1.04%
9:52am EDT