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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Azerbaijan’s oil fund has acquired a 2.95pct stake in Russia’s VTB Bank

Posted on 06 June 2013

The State Oil Fund of Azerbaijan (SOFAZ) has become officially a shareholder in Russia’s VTB Bank. VTB has informed following the secondary public offering, the SPO volume totaled 102.5 billion Russian rubles.
According to the Bank, as a result of SPO the state’s share in its capital fell from 75.5% to 60.93%. The key shareholders became Bank of New York (14.51%), Norges Bank Investment Management (4.28%), Credit Suisse AG, as the depositary of shares Qatar Holding LLC, (2.95%) and SOFAZ (2.95%)………………………………………..Full Article: Source


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