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VTB May Pay $2.5 Bln for Metalloinvest Stake, Kommersant Reports

VTB, Russia’s second-largest bank, may pay as much as $2.5 billion for Vasily Anisimov’s stake in OAO Metalloinvest, Kommersant reported today, citing people it didn’t identify.

Anisimov’s Coalco Metals agreed to sell its 20 percent stake in the steel and iron ore producer to VTB last week. Coalco will use part of the proceeds to pay back a $1.9 billion loan to VTB, Interfax said late Friday, citing VTB chief Andrey Kostin.