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VTB studying potential demand from Gulf investors

Russia plans a massive privatisation drive.

August 4, 2010 3:00 by

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)

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