Azerbaijans Oil Fund has acquired a 2.95% stake in Russias VTB Bank
Baku, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) has become officially a shareholder in Russias VTB Bank.
VTB has informed following the secondary public offering, the SPO volume totaled 102.5 billion Russian rubles.
According to the Bank, as a result of SPO the states share in its capital fell from 75.5% to 60.93%. The key shareholders became Bank of New York (14.51%), Norges Bank Investment Management (4.28%), Credit Suisse AG, as the depositary of shares Qatar Holding LLC, (2.95%) and SOFAZ (2.95%).
At that, free float (percentage of shares in free circulation) increased up to 39.07%.
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