VTB, Russia's second biggest lender, said it was studying the potential demand for its shares from investors, including those in the Gulf, as the government plans a massive privatisation drive.
Russia will open its most ambitious privatisation programme since the 1990s to foreign investors as it plans to earn at least $29 billion through asset sales including a 25 percent stake in state-run VTB.
"VTB ... is working with a wide range of potential investors and studying a demand actively. As a part of our work with investors from the Persian Gulf we talked about possible options for investments into VTB but no direct agreements have been achieved," VTB's press-service said by email.
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