VTB shares jumped almost 7% on the news of the additional issue for the transaction with RWB

Shares of VTB Bank (VTBR) at the auction of the Moscow Exchange on Thursday, November 12, jumped by 6.63% and at the peak reached 62 per share, according to data at 17:23 GMT.

The Central Bank registered a prospectus of additional issuance of VTB shares. The bank plans to place up to 6.29 billion shares at a price of 87 per share. The format is an open subscription.

VTB and RWB announced a strategic partnership in May 2026. It assumes that the state bank will acquire at least 5% in WB Bank with the prospect of increasing its share, and will also enter as a minority shareholder in all fintech assets of the group. At the same time, VTB announced a new large additional issue of shares, adding that the funds raised will be used for a deal with RWB and the development of its core business. At the same time, control over the acquired assets of RWB will remain with the marketplace.

Wildberries & Russ (RWB) is a combined company created after the merger of the Wildberries marketplace and outdoor advertising operator Russ. The group includes trading, logistics and fintech assets, including WB Bank. Wildberries is the country's largest marketplace. Sales of Wildberries & Russ goods or services increased by half in 2025, from .4.1 trillion to .6.1 trillion.

Net profit of RWB Group for 2025 increased from ист104 billion to ист175 billion rubles. At the end of last year, according to this indicator, the company was on the 20th place among all Russian business of the RBC 500 rating.

In May, the VTB Supervisory Board announced its intention to issue additional shares of the state bank at a price of 87 on an open subscription. As reported by the press service of VTB, the state bank can place up to 6.29 billion ordinary shares, which corresponds to 49% of the total number of securities in circulation. “According to the results of the SPO, the state’s share in the authorized capital of the Bank will remain at above 50%,” VTB stressed. Taking into account the stated price of the placement, the maximum volume of the additional issue may be 547.5 billion, but the total amount will be determined “taking into account the actual needs of the bank and the market situation at the time of placement.”.

Earlier, the first deputy chairman of VTB Bank Dmitry Pyanov told RBC Radio that the real volume of the future additional issue of VTB shares will be less and will amount to “hundreds of billions of rubles”. Pyanov also noted that to participate in the additional issue, VTB has already formed a pool of anchor institutional investors who understand the benefits of partnership with RWB. According to him, it was the presence of preliminary agreements with major investors that allowed the bank to immediately announce the parameters of the placement, including the share price (у87 per share), which is rare in the Russian market.

In June, VTB shareholders at the annual general meeting approved an additional issue of shares on an open subscription. The first significant economic results from the partnership with RWB for profit in VTB are expected in 2027.

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