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BRIEF-Russia's VTB sets buy-out price ahead of VTB 24 merger
October 3, 2017 / 5:34 PM / in 19 days

BRIEF-Russia's VTB sets buy-out price ahead of VTB 24 merger

Oct 3 (Reuters) - VTB Bank says:

* VTB Bank’s supervisory council made a decision to hold an extraordinary general meeting of shareholders on Nov. 9.

* The reorganisation of VTB Bank in the form of a merger with its retail unit Bank VTB 24 is on the agenda of the meeting.

* In connection with the merger, the Supervisory Council determined the buy-out price for VTB Bank ordinary shares should be 3.8 kopecks.

* The buy-out price for VTB Bank Type 1 preference shares is 1 kopeck.

* The buy-out price for VTB Bank Type 2 preference shares is 10 kopecks. Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom; Editing by Greg Mahlich)

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