VTB Sells 10% Stake in ALROSA for $377M

VTB, Russia’s second largest bank, sold its 10.63 percent stake in ALROSA for RUB 8.7 billion ($376.87 million,) VTB announced. The bank said it disposed of its holding of 21,253 shares as part of an agreement with the Federal Property Management Agency (Rosimushchestvo.) The deal is expected to close in the third quarter of 2008.

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Posted by Posted by Jewelry News at Tuesday, July 15, 2008 7:03 AM
Categories: VTB, Alrosa
 

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