Moscow administration's stake in Bank of Moscow might be sold to VTB - mayor
MOSCOW. Dec 31 (Interfax) - The Moscow city administration is working on the question of selling the Russian capital's stake in Bank of Moscow to VTB, Mayor Sergei Sobyanin said during a Friday meeting.
"A number of different options are being looked at," Sobyanin said. "The attraction of a strategic investor such as the bank VTB will allow the Bank of Moscow to maintain and even improve its position on the financial market," he said.