27 Jul 2011 15:38

Yusufov agrees to sell VTB his Bank of Moscow stake

MOSCOW. July 27 (Interfax) - Vitaly Yusufov has given his preliminary agreement to sell VTB his share interest in Bank of Moscow , which according to the official version is 19.9% of charter capital.

"I gave VTB a tentative agreement that I'm ready to sell the stake if VTB is ready to buy it," Yusufov told reporters on the sidelines of a Bank of Moscow shareholders meeting.

The agreement is merely verbal for now. "Verbal, I didn't sign on paper," he said.