VTB Group’s Capital Raise Draws Sovereign Funds

Posted on 04/29/2013


Russia’s second biggest lender, state-run VTB Group, is raising nearly 102.5 billion roubles (US$ 3.3 billion) in a share sale. VTB Group plans to sell 2.5 trillion new shares. With regard to sovereign fund investment, included are Norges Bank Investment Management (NBIM), the State Oil Fund of Azerbaijan (SOFAZ) and Qatar Holding LLC. The government […]