VTB’s Kostin Says Russia Is Seriously Considering Stake Sale

  • Sale currently `difficult' given depressed share price
  • Bank may consider sale to Middle East, Asian investors

VTB‘s Kostin Says Bank Stake Sale ‘Up to Government’

VTB Group, Russia’s second-largest bank, is waiting for government instructions on privatizing a stake as state officials are “quite serious” about a sale this year, according to Chief Executive Officer Andrey Kostin.

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