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. Last Updated: 07/27/2016

State Speculates Selling VTB Stake

The government may sell a stake in VTB Group and targets a premium as high as 67 percent on the purchase price, Finance Minister Alexei Kudrin said Wednesday.

The government, which owns 85.5 percent of VTB, wants to sell the stake within two years for 250 billion rubles to 300 billion rubles ($8.6 billion to $10.4 billion), after buying the holding for 180 billion rubles in September, Kudrin said.

(Bloomberg)