January 15, 2020 / 9:58 AM / 8 days ago

Russia considering secondary public offering of VTB shares: official

MOSCOW (Reuters) - Russia is considering making a secondary public offering (SPO) of shares in VTB Bank (VTBR.MM), Deputy Finance Minister Alexei Moiseev said on Wednesday.

In recent years the government has reduced its stake in VTB, diamond miner Alrosa (ALRS.MM) and some smaller companies but has fallen short of its initial privatization plan.

Reporting by Daria Korsunskaya; Writing by Gabrielle Tétrault-Farber, editing by Louise Heavens

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