27 Dec 2022 10:31

Deal to sell Oktritie to VTB closed - Central Bank

MOSCOW. Dec 27 (Interfax) - The Central Bank of Russia has transferred all shares in Otkritie Bank to VTB , the regulator said.

VTB has met all obligations to the CBR in payment for the shares in Otkritie, it said.

Reports have said VTB would pay 340 billion for the Otkritie assets, including 233.1 billion cash and 106.9 billion in OFZ federal loan bonds worth 106.9 billion rubles at market price and used to bail out Bank of Moscow.

Included in the deal are Otkritie Bank and its subsidiaries as of June 30, except for JSC Tochka, JSC Baltic Leasing and Kama LLC, which had dropped out of the list of subsidiaries before that date, VTB has said.