Russian government acquires about 100% of Bank VTB Azerbaijan’s shares

Russian government acquires about 100% of Bank VTB Azerbaijan’s shares
  • Clock-gray 12:17
  • calendar-gray 14 November 2017

VTB Group has completed acquisition of 99.99% of Bank VTB Azerbaijan’s share.

 

The share of 48.99% owned by AtaHolding LLC was acquired by Bank VTB 24.

 

The deal has entered into force since November 10.

 

So, current shareholders of Bank VTB Azerbaijan are: Bank VTB – 51%, Bank VTB 24 – 48.99%, individual Adigozel Agayev – 0.01%. 

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