Business
Russia's VTB eyes summer share offering
Russia's VTB eyes summer share offering
About this update from Vtb
Russia's second-largest bank VTB said on Wednesday that an additional share issue could take place before the autumn, depending on demand.The lender said that the size of this year's planned additional share issue is expected to be between 300 billion and 400 billion roubles ($4.07 billion - $5.42 billion).VTB last week proposed an additional share issue of 6.29 billion shares at a price of 87 roubles per share to shareholders.($1 = 73.8000 roubles)