2 Feb 2012 16:15

VTB stock takes off after PM says share buyback from minority holders possible, rising 3%

MOSCOW. Feb 2 (Interfax) - Stock in VTB surged 3% Thursday afternoon after Russian Prime Minister Vladimir Putin announced he was instructing bank management to work out a share buyback from minority holders.

By 4:03 p.m. Moscow time, the stock had risen to 7.393 kopecks per share, 3.1% higher than its Wednesday closing price.