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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| JSC VTB Bank (CE) | USOTC:JSCVL | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Jun 2019 to Jun 2024
By Carlo Martuscelli
VTB Bank (VTBR.MZ) said Wednesday that it reached an agreement to acquire an 81% stake in Sarovbusinessbank, a bank operating in Russia's Nizhny Novgorod.
The deal is expected to close by the end of this year, subject to regulatory and corporate approvals, VTB said. The Russian lender said that it expects to integrate Sarovbusinessbank into its operations by 2020.
"The deal will support VTB's market-share expansion in retail deposit and lending markets," said Anatoly Pechatnikov, deputy president and chairman of the VTB Bank management board
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
October 10, 2018 11:31 ET (15:31 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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