Russia’s VTB 24 is buying the share (49%) of Azerbaijani AtaHolding group of companies in the authorized capital of VTB Bank Azerbaijan, says a message on the website of the Center for Disclosure of Corporate Information.
VTB 24 will acquire 124,496,737 shares of the bank at a cost of $0.25 each. Thus, the total transaction value is about $31.4 million.
VTB Group will become the sole shareholder of VTB Bank Azerbaijan after conclusion of the transaction. (Trend/Business World Magazine)