VTB Bank OAO Approves Acquisition Of Additional 25.9% Stake In Its Subsidiary VTB Bank (Belarus') ZAO; To Sell 15.9% of Banco VTB Africa S.A.'s Share Capital-RIA Novosti


Monday, 1 Oct 2012 08:00pm EDT 

RIA Novosti reported that VTB Bank OAO's Supervisory Board has approved the acquisition of a 25.9% stake in the Bank's subsidiary Bank VTB (Belarus') ZAO. Following this, the Bak would increase its stake in Bank VTB (Belarus') ZAO from 71.4 % to 97.3%. Moreover, the Supervisory Board of the Bank has decided to sell 5.9% of Banco VTB Africa S.A.'s share capital (556,5 thousand shares). Financial details were not disclosed. 

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