VTB could participate in Moscow Exchange IPO, undecided whether to sell or buy
MOSCOW. Jan 31 (Interfax) - VTB plans to play an active role in the IPO by Moscow Exchange MICEX-RTS, but has not yet decided whether to sell or buy shares, the bank's president, Andrei Kostin, told reporters.
"We'll take an active part but I wouldn't say yet what side we'll be on, whether we'll buy or sell, because we haven't yet reached any decisions and there are differing viewpoints on that within the team that is working on this," Kostin said.
Kostin said the question of VTB's participation in the IPO would be resolved at a later stage and would largely depend on the terms of the deal. He said VTB was focusing not just on the market terms but also on longer-term aspects.
"We think the IPO is an important moment from the point of view of the development of financial infrastructure," Kostin said.