Friday 16 July 2021

#Russia's VTB says #AbuDhabi's ADIA now holds 1.2% voting stake in the bank | Reuters

Russia's VTB says Abu Dhabi's ADIA now holds 1.2% voting stake in the bank | Reuters

Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, has become a minority shareholder in Russia’s state-owned VTB Bank, holding a 1.2% voting stake, VTB said on Friday.

The market value of the stake is estimated at around 7.3 billion roubles ($98.34 million), VTB said.

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