VTB says Norway, Qatar, Azerbaijan back $3.3 billion share offer

Published April 29, 2013

| Reuters

Russia's second-largest bank VTB said investors have subscribed for the entirity of its 102.5 billion rouble ($3.3 billion) share offering, with bids from sovereign wealth funds in Norway, Qatar and Azerbaijan.

On Sunday, a source told Reuters that the bank had won firm orders for its entire offering of new shares.

($1 = 31.2412 Russian roubles)

(Reporting by Katya Golubkova; Writing by Megan Davies; Editing by Douglas Busvine)

URL

http://www.foxbusiness.com/news/2013/04/29/vtb-says-norway-qatar-azerbaijan-back-33-billion-share-offer/