October 23, 2019 / 2:43 PM / 9 months ago

Russia's VTB looking to sell 10% of its Angolan unit

Logos are on display outside a branch of VTB bank in Moscow, Russia May 30, 2019. REUTERS/Evgenia Novozhenina/File Photo

SOCHI, Russia (Reuters) - Russia’s state-controlled lender VTB wants to sell a 10% stake in VTB Africa, its Angola-based unit, the bank’s chief executive Andrei Kostin said on Wednesday.

The deal, if it happens, would see VTB’s stake decreasing to 40%, Kostin said, adding that VTB was looking to sell a part of its stake to the Angolan unit’s management.

Reporting Darya Korsunskaya; writing by Anton Kolodyazhnyy; editing by David Evans

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below