shares: We will not offer VTB shares this year, Interfax reported him as saying, according to The Moscow Times. Shuvalov gave no further explanation for the decision and Renaissance Broker, the firm acting as investment advisor on the sale of VTB shares, declined to comment. We consulted and decided that this is not the best time. Shuvalov did say that the government is already planning enough sales this year, including Bashneft and Rosneft. Initially, state property management agency Rosimushchestvo planned to sell 10.9 percent of the voting shares in the state-owned bank this year — the maximum package it could release while retaining control. After all, we need to leave something for next year, he said.
(news.financializer.com). As
reported in the news.
Tagged under shares, bashneft rosneft topics.