Russian Central Bank Annuls Rabobank’s Operating License
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aQg5qrppx6Zw
By Paul Abelsky
Feb. 17 (Bloomberg) -- Russia’s central bank annuled the operating license of Rabobank Groep NV’s local unit, Bank Rossii said on its website today.
To contact the editor responsible for this story: Paul Abelsky at pabelsky@bloomberg.net
Last Updated: February 17, 2011 02:24 EST
For the Record
http://www.themoscowtimes.com/business/article/for-the-record/431189.html
17 February 2011
LONDON — Russian Railways plans to sell at least £1 billion ($1.6 billion) of bonds this year, becoming the first Russian issuer in the British currency since 2007, and will start presentations to potential investors within the next two months, chief executive Vladimir Yakunin said Wednesday, adding that the company has no plans to borrow in Asian currencies.
(Bloomberg)
Vneshekonombank is seeking an unsecured loan of $1.5 billion to $2 billion for more than three years at a lower interest margin than the 150 basis points negotiated by Sberbank for a three-year deal in December, three people with knowledge of the situation said Wednesday.
(Bloomberg)
Bank of Moscow Owners May Sell Stake at Auction, Vedomosti Says
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aRoMS2y2SYn4
By Henry Meyer
Feb. 17 (Bloomberg) -- Bank of Moscow shareholders including Chief Executive Officer Andrei Borodin plans to offer their 40 percent stake in the lender at auction, Vedomosti reported, citing an unidentified person familiar with the matter.
The sale may take place this month, the Moscow-based newspaper said today. The city of Moscow, which controls the lender, has plans to sell its stake to state-run VTB Group.
To contact the reporter on this story: Henry Meyer at hmeyer4@bloomberg.net
To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net
Last Updated: February 17, 2011 00:41 EST
Shareholders of Bank of Moscow may auction their stakes
http://www.bne.eu/dispatch_text14247
Renaissance Capital
February 17, 2011
Event: Today (17 February) Vedomosti reported, citing unidentified sources, that Bank of Moscow CEO Andrei Borodin plans to sell his stake in Bank of Moscow in a public auction. Borodin and Lev Alaluev, another top manager at Bank of Moscow, control a combined 20.3% stake. According to Vedomosti's sources, Stolichnaya Strakhovaya Gruppa, which owns 17.3% of Bank of Moscow, may also sell its stake via a public auction, but this has yet to be discussed by its board of directors. The shareholder structure of Stolichnaya Strakhovaya Gruppa (25% + one share - City of Moscow; 25% - Bank of Moscow) suggests that the bank's management should have a vote there.
Action: Moderately negative for VTB, in our view.
Rationale: Although we think the acquisition of the City of Moscow's stake (46.5%) in Bank of Moscow by VTB is likely to happen, as the City of Moscow appears to favour VTB as a buyer, a public auction for other stakes in the bank could boost its price, which may be negative for VTB as a bidder. VTB plans to acquire 100% of Bank of Moscow by YE13.
Svetlana Kovalskaya
http://en.rian.ru/business/20110217/162643581.html
06:15 17/02/2011
Russian senator and tycoon Suleiman Kerimov has bought $500 million worth of shares in Russia's second largest bank, VTB, the Vedomosti business daily said on Thursday.
"Kerimov's representative confirmed that the businessman's two funds acquired a stake of more than 1.5% in VTB, worth $500 million," Vedomosti said. "He also said Kerimov used his own funds to acquire the shares."
The tycoon applied to buy 5% in VTB shares, but got less than he expected, sources close to the deal told Vedomosti.
The paper wrote that Kerimov would continue his participation in the government's privatization program, which includes a 7.6% stake of the country's top bank, Sberbank. Kerimov will bid for the whole stake during the sale, which is to start in the second half of the year.
MOSCOW, February 17 (RIA Novosti)
Russia tycoon Kerimov buys into VTB, eyes Sberbank-paper
http://af.reuters.com/article/metalsNews/idAFLDE71G03Q20110217
Thu Feb 17, 2011 7:07am GMT
* Suleiman Kerimov buys $500 million stake in VTB -Vedomosti
* Gold, potash tycoon now bank's largest private shareholder
* Russia raised $3.3 billion in VTB 10 pct stake sale
* Kerimov also to bid for Sberbank stake, Vedomosti sources
MOSCOW, Feb 17 (Reuters) - Russian tycoon Suleiman Kerimov bought $500 million worth of shares of Russia's second largest lender VTB (VTBR.MM), business daily Vedomosti reported on Thursday, to become the bank's largest private shareholder.
Last week Russia raised $3.3 billion in the sale of a 10 percent stake in the lender, the first state-owned company to participate in the country's largest privatisation drive since the collapse of the Soviet Union.
Two of the billionaire's funds, including the Swiss Millennium Group, bought over a 1.5 percent stake in the bank for $500 million, Kerimov's representatives told the paper, adding he used his own funds for the purchase.
Kerimov, who controls potash miners Uralkali (URKAq.L) and Silvinit (SILV.MM) and Russia's largest gold miner, will also bid for the full 7.6 percent stake in Russia's largest lender, Sberbank (SBER03.MM) that the government plans sell in the second half of 2011, Vedomosti wrote citing investment banking sources.
Italy's Generali (GASI.MI) and U.S. private equity firm TPG Capital [TPG.UL] also bought VTB shares worth $400 million. [ID:nWLA4560] (Writing by Jessica Bachman; Editing by Mike Nesbit)
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