VTB says helped Rosneft manage forex ops for share sale

MOSCOW: Russian state-owned lender VTB helped in the privatisation of a 19.5 percent stake in oil firm Rosneft by ensuring foreign currency operations were carried out without causing market volatility, Interfax news agency quoted a VTB executive as saying.

"As regards the participation of VTB in the Rosneft privatisation, we were the organising bank on the deal from the company's side," Interfax quoted VTB first deputy president Yuri Soloviev as saying.

"We, as a bank, helped the company carry out currency operations in such a way that it did not have any influence on the market."