VTB's SPO Attracts Russian Institutions, Boosts Capital and Shareholder Base
VTB's Secondary Public Offering (SPO) has seen significant participation from Russian institutional investors. The offering, which included an open subscription, has strengthened the bank's capital and expanded its shareholder base.
The SPO involved the placement of 1.25 billion shares at 67 rubles each. Notably, 1.17 billion shares were sold through an open subscription. Shareholders also exercised their preemptive right, purchasing an additional 81.32 million shares.
Dmitry Pyanov, the first deputy chairman of VTB, confirmed that the share of VTB's shares in free circulation now exceeds 49%. The offering has attracted major Russian institutional investors, including pension funds and asset management companies. These investors, seeking to diversify their portfolios and achieve long-term returns, have shown confidence in VTB's prospects.
The SPO has successfully bolstered VTB's capital base and welcomed new minority shareholders. The participation of prominent Russian institutional investors reflects their trust in the bank's strategic direction and potential for growth.
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