Moscow Times 6 May 2013
Azerbaijan’s state oil fund SOFAZ has agreed to invest around $500 million in a new share offering by VTB, Russia’s second-largest bank, the fund said in e-mailed comments.
VTB says it has already received firm orders for all of the 2.5 trillion shares it is selling in Moscow at 4.1 kopecks apiece, raising 102.5 billion rubles ($3.3 billion) to bolster its capital.
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Azeri State Oil Fund to Invest $500Mln in VTB
