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EBRD sells shares in VTB Bank Georgia

Business Materials 12 August 2010 14:42 (UTC +04:00)
The European Bank for Reconstruction and Development (EBRD) sold its shareholders in VTB Bank Georgia this week.

Georgia, Tbilisi, Aug. 12 / Trend N.Kirtzkhalia /

The European Bank for Reconstruction and Development (EBRD) sold its shareholders in VTB Bank Georgia this week.

Russia's Vneshtorgbank bought the shares Aug. 9. No other details have been disclosed.

The transaction has now given Russia's second largest bank a 96-percent stake in VTB Georgia.

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