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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

SOFAZ gets nearly 3 pct of VTB Bank’s stock

Posted on 07 June 2013

The state oil fund of Azerbaijan, SOFAZ, has acquired 2.95 percent of shares in VTB, Russia’s second-largest bank. The $500 million deal took place under the secondary offering of the stock.
In addition to SOFAZ, the shareholders of VTB are Norges Bank Investment Management (4.28 percent), Qatar Holding LLC (through Credit Suisse AG), with 2.95 percent, and Onexim Holdings Limited (2.43 percent)…………………………………….Full Article: Source


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