Markets
Russia's Trust Bank prices sale of shares in VTB
- Citigroup on Tuesday said Trust Bank was planning to sell its 9.1% stake in VTB via an accelerated book building.
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MOSCOW: Russia's Trust Bank has successfully priced the sale of close to 1.18 trillion shares in state lender VTB Bank at 0.0427 roubles ($0.0006) per ordinary share, one of the deal organisers, Citigroup, said on Wednesday.
Citigroup on Tuesday said Trust Bank was planning to sell its 9.1% stake in VTB via an accelerated book building.