CEO says VTB to mull purchase of Bank Vozrozhdenie, shares jump - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

CEO says VTB to mull purchase of Bank Vozrozhdenie, shares jump

DAVOS/MOSCOW, Jan 24 (PRIME) -- RussiaТs second largest bank VTB will study the purchase of Bank Vozrozhdenie, VTB CEO Andrei Kostin told reporters on Wednesday on the sidelines of the World Economic Forum in Davos pushing the stock nearly 13% higher.

УWe donТt know so far (whether the acquisition is interesting for VTB). Our retail (managers) say that it may be interesting, but we know little of the situation in Vozrozhdenie, we have not looked at the bank and have not analyzed it yet,Ф he said.

According to earlier media reports, the central bank had requested that the Ananyev brothers, ex-beneficiary owners of Promsvyazbank that is undergoing a bailout, sell a controlling stake in Vozrozhdenie Bank by the middle of February.

УWe donТt know whether there are any contenders. We will start working on this topic after we have returned from Davos,Ф Kostin said.

Following the statement, common shares of Vozrozhdenie jumped 12.6% to 570 rubles per paper on the Moscow Exchange, while preferred shares rose 11.78% to 213.5 rubles. As of 10.49 Moscow time, the shares grew 5.83% to 535.5 rubles and 4.71 to 200 rubles, respectively, according to the bourse.

(56.4115 rubles Ц U.S. $1)


24.01.2018 11:24
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 77.7529 -0.6084 21 sep
USD 66.4725 -0.5373 21 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1148.80 +1.30 13:27 20 sep
micex 2419.78 +0.64 13:27 20 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 157.39 0.00 13:10 20 sep
lkoh 4717.00 -0.04 13:10 20 sep
rosn 441.45 +0.82 13:10 20 sep
sber 196.14 +1.16 13:10 20 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 78.1300 -1.0600 14:59 20 sep
USDTD 66.7525 -0.6175 17:44 20 sep