RIA NOVOSTI. The Federal Agency for Federal Property Management has determined parameters of a deal to sell state-owned shares of Kaliningrad-based Investbank. Namely, 0.13% of the lending institution’s charter capital is planned to be sold at a public auction as a single lot with the initial bid of Rub 3.98 mln, the agency said in a statement.
In addition, the agency set at Rub 19.007 mln the cutoff price at an auction to sell a state-owned equity stake (0.08%) in Transcreditbank, a Top 30 lender in Russia. The initial bid, as reported earlier, was set at Rub 38.01 mln. Also, 1,903,000 common registered stocks of the bank will be put up for sale. The bid increment will be Rub 1 mln.
VTB Bank holds a 43.2% equity stake in Transcreditbank. Meanwhile, VTB Bank plans to buy another 30% interest in Transcreditbank from Russian Railways until December 31, 2011.
