VTB Buys Metalloinvest Stake

Reuters reported Russia’s VTB Bank has bought a 20% stake in Metalloinvest.

As quoted in the market news:

The deal is valued at about $2.5 billion, according to a press release issued by law firm Dewey & LeBoeuf, which said it advised on the deal. That would imply a value for Metalloinvest of about $12.5 billion.

Click here to read the full Reuters report.