March 7, 2019 / 10:20 AM / 7 months ago

VTB Capital buys businessman Abramovich's stake in Russia's Channel 1

MOSCOW, March 7 (Reuters) - VTB Capital, Russian lender VTB’s investment arm, has purchased a 20 percent stake in Channel One from businessman Roman Abramovich’s ORT-KB company, VTB said on Thursday.

“The share belonging to ORT-KB has been bought in its entirety,” VTB said in a statement.

VTB did not disclose further details of the deal. (Reporting by Andrey Kuzmin; Writing by Tom Balmforth; editing by Maria Kiselyova)

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