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Russia suspends bank linked to Putin's cousin

Russia's central bank withdrew on Wednesday the licence of a popular Moscow bank where a cousin of President Vladimir Putin sits on the board. Investigators said they suspected managers at Master Bank -- Russia's 75th biggest by total assets -- of money laundering and other illegal cash transactions. Russia central bank chief Elvira Nabiullina told a parliament hearing that the bank "hid its true state of affairs and substantially misstated its accounting."

Exclusive: Russia's VTB agrees deal to sell Rosbank stake to Societe Generale - source

MOSCOW (Reuters) - Russia's second-largest bank VTB has agreed to sell its stake of around 10 percent in Societe Generale's Russian unit Rosbank to the French bank, while SocGen will sell VTB a number of Russian assets, a source close to the deal said on Sunday. State-controlled VTB, which bought into Rosbank in 2010, said in May that the stake was not a strategic investment and that it was in talks to sell the asset.

Russia to cut stake in VTB bank

VTB, the second biggest Russian bank, announced Monday a stock offering worth $3.3 billion that should result in the state's share in the lender slipping to 60.9 percent from 75.5 percent as part of an effort by the Kremlin to boost Moscow's stature as a financial hub. The placement would allow the sovereign wealth funds Qatar Holding and Norges Bank Investment Management to take minority stakes alongside Azerbaijan's State Oil Fund and a small group of other foreign investors.

Russia to slash stake in No. 2 bank VTB

Russia's number two bank VTB announced Monday a stock offering of $3.3 billion that will see the state's share in the company reduced to 60.9 from 75.5 percent amid an effort by the Kremlin to boost Moscow's stature as a financial centre. The placement will allow sovereign wealth funds Qatar Holding, Norway's Norges Bank Investment Management and Azerbaijan's State Oil Fund to take on minority stakes.

Russia's VTB set to approve terms for $3.2 billion share sale

By Oksana Kobzeva and Megan Davies MOSCOW (Reuters) - Russia's second-largest bank VTB <VTBR.MM> was set to push ahead with a 100 billion rouble $3.2 billion (2 billion pounds) share sale in the coming weeks to bolster its capital, even as its shares languish after a series of strategic missteps.

Bidding war erupts for Russian mobile operator

Swedish telecoms operator Tele2 on Thursday announced it had agreed to sell its Russian subsidiary to Russian state bank VTB, but competitors said they could make a better offer. Tele2 said earlier it has agreed to sell Tele2 Russia, Russia's fourth mobile operator, to VTB in a cash transaction comprising $2.4 billion in equity value and $1.1 billion in net debt. It said the sale of Tele2 Russia is expected to close shortly but the Alfa group of Russian billionaire Mikhail Fridman immediately contested the terms.

UPDATE 1-Qatar may invest as much as $3.5 bln in Russia's VTB-report

* VTB planned share issue to support capital base * VTB next up in Russian privatisation plan * Shares rally 3.8 percent on the news Feb 14 (Reuters) - Qatar's sovereign wealth fund is in advanced talks with Russia's second-largest bank VTB about injecting between $3 billion and $3.5 billion into the banking giant, the Telegraph reported.

Qatar may invest as much as $3.5 bln in Russia's VTB -report

Feb 14 (Reuters) - Qatar's sovereign wealth fund is in advanced talks with Russia's second-largest bank VTB about injecting between $3 billion and $3.5 billion into the banking giant, the Telegraph reported. VTB will likely issue the Qataris with $1.5 billion of new equity and $1.5 billion of mandatory convertible bonds under the structure of the deal, the daily said citing sources. The deal may be announced by next week, the paper said.
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