FINMARKET. The Federal Securities Service registered Thursday an additional issue of common shares by VTB-Invest, an investment subsidiary of Bank VTB, which were floated via closed subscription. The company is to place 4.56 mln shares with Rub 1,000 par value each for a total of Rub 4.56 bln. As an informed source said, VTB will fully buy SPO shares. The lending institution will pay in cash for the subsidiary’s securities.
For the record, VTB is rolling out investment banking business on the basis of VTB-Invest, in which it is going to invest $500 mln within two years. Most members of the new company’s team came from the Russian office of Deutsche Bank. Coverage of Russian issuers will be announced Friday.
