VTB Group Secures Investors for $3.3 Billion Share Sale Plan
This article is for subscribers only.
VTB Group, Russia’s second-largest lender, said investors including sovereign wealth funds in Norway, Qatar and Azerbaijan have agreed to buy all $3.3 billion of new shares it’s selling to increase capital.
The bank has orders from new and existing shareholders, including Norges Bank Investment Management, the world’s largest sovereign fund, and Qatar Holding LLC and Azerbaijan’s State Oil Fund, Moscow-based VTB said today in a statement.