October 23, 2019 / 12:17 PM / a month ago

Russia's VTB looking to sell 10% of its Angolan unit

SOCHI, Russia, Oct 23 (Reuters) - Russia’s state-controlled lender VTB wants to sell a 10% stake in VTB Africa, its Angola-based unit, the bank’s chief executive Andrei Kostin said on Wednesday.

The deal, if it happens, would see VTB’s stake decreasing to 40%, Kostin said, adding that VTB was looking to sell a part of its stake to the Angolan unit’s management. (Reporting Darya Korsunskaya; writing by Anton Kolodyazhnyy; editing by David Evans)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below