VTB Buys Metalloinvest Stake
Investing News Network - December 29th, 2011
Reuters reported Russia’s VTB Bank has bought a 20% stake in Metalloinvest.
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.