Most of the shares of VTB purchased the Italians

State sums up the sale of securities portfolio (10% minus two shares) of Bank VTB ". The cost of accommodation reached $ 3.3 billion Each depositary receipt was sold for $ 6.25, and a separate action for ? 9.14. According to Deputy Chairman of the Management Board Herbert Moos, the biggest buyers was an Italian insurance company «Generali», which bought the securities of $ 300 million, according to Vedomosti. Also, more than a dozen investors have purchased packages whose value exceeds $ 100 million buyers of stocks became sovereign fund China «China Investment Corp» and the American company «Harvard Endowment». The banker noted that Russian bidders have bought only 15% for sale of securities. After closing the transaction, which will occur Feb. 21, the state will reduce its stake in VTB with 85,5% to 75% plus two shares. It is expected that over the next three years will be put up for sale more than large blocks of securities of that institution.