Moscow Times 30 May 2013
Billionaire Mikhail Prokhorov’s Onexim group bought a stake in state bank VTB worth more than $400 million in a share offering earlier this month, a news report said Wednesday.
Another billionaire, Suleiman Kerimov, also increased his holdings in the bank, VTB vice president Yury Solovyev said in an interview with Vedomosti, though he declined to name the size of the investment.
Kerimov bought a $500 million stake in VTB, Russia’s second largest bank, in 2011.
Read more…
Onexim Invests $400M in VTB
