 |
|
||
|
|||
|
|||
|
|
||
|
|
|
|
|||||
|
||||||||
|
|
|
VTB injects $250m into TransCreditBank
RBC, 27.01.2012, Moscow 14:09:13.State-controlled bank VTB has injected RUB 7.6bn (approx. USD 250m) into its subsidiary bank TransCreditBank by purchasing its additional shares, a source at VTB said. Accordingly, VTB's stake in TransCreditBank has increased from 74.5% to 77.8%. Russian Railways held a 25% plus one share stake in TransCreditBank before the additional share offering. The railroad monopoly is expected to sell its stake to VTB in the period starting on July 1, 2012 and ending on December 31, 2013. The preliminary value of the stake is estimated at RUB 13.9bn (approx. USD 458m).
|
|||||||||||||||||||||||||||||||||||
