The head of VTB announced the postponement of the additional issue to October
VTB postponed the additional issue for the transaction with the Wildberries-Russ group (RVB) to October, the head of the bank Andrei Kostin told reporters on the sidelines of the XXIII International Banking Forum. VTB’s strategic plans for cooperation with Wildberries have not changed.
VTB postponed the additional issue for the transaction with the Wildberries-Russ group (RVB) to October, the head of the bank Andrei Kostin told reporters on the sidelines of the XXIII International Banking Forum. VTB’s strategic plans for cooperation with Wildberries have not changed.
“Yes, it (additional issue. – Kommersant) was transferred, but it will be,” said Mr. Kostin (quoted by Interfax).
VTB and RVB announced a strategic partnership in May. Under the agreement, VTB will buy 5% in WB Bank, a subsidiary of RVB, with the potential to increase the stake. To do this, VTB planned to hold an additional issue and place up to 6.292 billion shares at a price of 87 rubles per paper in order to direct the funds raised for the transaction. The shareholders’ meeting approved the placement price at the end of July. Initially, the additional issue was planned to be held in August, then the deal was postponed to September.
