Executive says VTB not yet to sell off stake in En+

SOCHI, Feb 14 (PRIME) -- Russia’s second largest lender VTB Bank does not plan to sell its 20% stake in power company En+ Group until its market value reaches the fundamental value, First Deputy CEO Yury Solovyov said on the sidelines of the Russian Investment Forum on Thursday.

“We believe that the market has not valued (the company) properly. There are political fears… We will not sell the stake until its market value reaches the fundamental value,” he said.

VTB CEO Andrei Kostin said that there is nobody to whom the stake could be sold.

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