VTB studying potential demand from Gulf investors
Russia plans a massive privatisation drive.
August 4, 2010 3:00 by Reuters
Russia’s second biggest lender, said on Wednesday it is studying the potential demand for its shares from investors, including those in the Gulf, as the government plans a massive privatisation drive.
“VTB … is working with a wide range of potential investors and studying a demand actively. As a part of our work with investors from Persian Gulf we talked about possible options for investments into VTB but no direct agreements have been achieved,” VTB’s press-service said by email.
(Reporting by Oksana Kobzeva and Dmitry Sergeyev)