VTB Group sold 50% in Tele2 Россия to strategic investors involving Rossia Bank Group and A.Mordashov's structure, the Bank informed.
Citigroup and VTB Capital were chosen as advisers of the transaction.
VTB acquired 100% in Tele2 Russia from Теле2 АВ (Sweden) in Mar. 2013 in order to provide further development of the business and its sale in future. The transaction value was fixed at $2.4bn for 100% in Tele2 Russia.
VTB Bank (TIN 7702070139) is ranked as the second bank in Russia by the assets volume. The network of the Group in June 2010 covered 935 offices in Russia, CIS and Europe including 480 offices of VTB-24.
The Group keeps 12 subs in CIS (Armenia, Belarus, Kazakhstan, Azerbaidjan, Ukraine); in Europe (Austria, Cyprus, Germany, France, Great Britain); in Georgia, Africa (Angola) and representations in Italy, China, and Kirgizia.
The IQ 2013 net profit (IAS) declined 32.6% to 15.7bn rub. from 23.3bn rub. prior year; net interest rose 36.7% to 73.8bn rub. from 54bn rub.; operating revenues declined 2.6% to 92.9bn rub.