VTB Bank may withdraw from negotiations to join a consortium to buy shares in Yandex. This was announced by the head of the credit organization. Andrey Kostin In an interview with Reuters.
According to him, VTB never wanted to manage Yandex, and it is important to set the entry price for portfolio investment. Kostin noted that the transaction price has increased compared to the past and the bank has put its offer at a lower level. Now the lender is in standby mode and is not actively negotiating.
“We believe that on the one hand, Yandex has good prospects, on the other hand, the company has its own characteristics,” said the head of VTB.
Earlier, Raiffeisenbank announced a 50% commission on dollar transfers from other banks to individuals. The new rules will go into effect on June 20.
Source: Riafan
I am Annabelle Sampson and I work for The News Dept as an author for their news department. My main focus is on economy news, but I also cover other topics such as business, finance, and current affairs. My writing has been featured in prominent publications such as The Wall Street Journal, Forbes Magazine, and the Financial Times.
