RIA NOVOSTI. Russia’s second largest lender VTB Bank wants to buy a controlling stake in Transcreditbank and Russian Railways is prepared to sell this stake, with one of the negotiation terms being the right of Transcreditbank to further operate as the backbone bank of the Russian railway monopoly, Russian Railways CEO Vladimir Yakunin said in an interview with RIA Novosti. “Russian Railways is prepared to divest a controlling stake in Transcreditbank," he said.
Meanwhile, the railway monopoly’s chief executive did not rule out a scenario whereby up to 100% of Transcreditbank shares could be sold in the future. “For the time being at this stage the sale of a 100% interest in Transcreditbank is not at issue, but we do not rule out this option," Yakunin pointed out. The executive did not reveal details of the transaction under discussion.
