Rosnano Looking to Sell 10 Percent This Year, Chubais Says

State-run Russian Nanotechnologies Corp. is looking to sell 10 percent of its shares in a private placement by the end of the year, the company’s general director Anatoly Chubais said in Davos, Switzerland.

The placement will be conducted by Bank of America Merrill Lynch and VTB Group and will target institutional investors, Chubais said in an interview aired on Jan. 26 on RT, an English- language channel controlled by the Kremlin.

To contact the reporter on this story: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net

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