Bloomberg News

Russia’s VTB Aiming to Sell Bank Moscow-Minsk, Interfax Reports

October 11, 2011

Oct. 11 (Bloomberg) -- VTB Group plans to sell the Belarusian unit of Bank of Moscow, over which Russia’s second- biggest lender consolidated control earlier this year, Interfax reported.

Four potential buyers are interested in Bank Moscow-Minsk, the news service said, citing Vladimir Ivanov, a deputy chairman of VTB’s Belarus subsidiary, declining to provide their names.

VTB will integrate Bank Moscow-Minsk with its Belarusian unit if the sale fails, Ivanov was cited as saying by Interfax.

--Editors: Paul Abelsky, Jennifer M. Freedman

To contact the reporter on this story: Aliaksandr Kudrytski in Minsk, Belarus at akudrytski@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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