Rus News Journal

VTB has placed 10 % of actions of a state block of shares during SPO at the price of 6,25 dollars for GDR

Open Society “ Bank VTB “ has placed a share holding at a rate of 10 % belonging to the state, during the secondary public offer (SPO) at the price of 6,25 dollars for one global depozitarnuju the receipt (GDR). About it it is told in the bank message. Securities are placed among the Russian and foreign investors. The book on acquisition of actions has been closed on February, 11th 2011γ.

As it is marked in message VTB, all in the form of GDR and ordinary actions it has been realised 1 trln 046 mlrd by 054 million 133 thousand 732 actions of the Russian company. The total amount of the obtained means has made nearby 95,7 mlrd rbl.

Closing of process SPO for GDR it is expected on February, 17th 2011γ., and for ordinary actions - on February, 21st 2011γ. The beginning of the auctions on GDR is planned for February, 18th 2011γ.

as Organizers of placing banks Merrill Lynch, Deutsche Bank and " have acted; VTB the Capital “.

On Monday, on February, 14th, the prime minister - the minister of the Russian Federation Vladimir Putin has signed the decision about transaction end on sale of 10 % of actions of bank VTB. The government of the Russian Federation declared earlier that it does not plan to sell additional share holdings VTB within at least three months from the moment of transaction end.

as it was informed past week, the government of the Russian Federation has solved in 2011γ. To sell not 20 % as it was supposed earlier, and 10 % of an authorised capital stock of Open Society “ Bank VTB “ by means of the public offer. “ the government of the Russian Federation following the results of consultations of the agent - bank Merrill Lynch - intends to sell actions of Open Society being in the federal property “ Bank VTB “ in quantity to 10 % of its authorised capital stock within the limits of placing of actions among the Russian and foreign investors. Transaction end is expected in February 2011γ. On the basis of the analysis of the market the government of the Russian Federation has decided not to sell additional share holdings of Open Society “ Bank VTB “ by means of the public offer during 2011γ. “ - has informed then the Minister of Finance of Russia Alexey Kudrin.

we will remind, earlier A.Kudrin said that the state plans in 2011γ. To sell 20 % of actions of bank VTB in two steps. Thus 10 % of actions VTB were planned to sell still in 2010γ., however then the transaction has not taken place. Initially the state planned to sale of 30 % of actions VTB during the planned period 2010 - 2012γγ. - on 10 % of actions of bank a year. Further, does not exclude the government, it can lower the share in VTB below the control.

on November, 11th 2010γ. Federal agency on management of the state property of the Russian Federation (Rosimushchestvo) and Open Company “ Merrill Lynch Sekjuritiz “ (“ a daughter “ Merrill Lynch) have signed the agency contract on the organisation of sale of 10 % of actions of Open Society “ Bank VTB “. According to the contract, by the agent in the shortest terms the estimation of a market stock value of a society should be provided, and also offers on buyers are presented in Rosimushchestvo, to the price of actions and other treaty provisions of purchase and sale of actions.
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