Baku. Registration of results of the additional issue of
Russian VTB bank's shares is not completed, but representative of the new
investor has been already nominated to the VTB Observation Council. This is
Shakhmar Arif oglu Movsumov, Executive Director of the State Oil Fund of
Azerbaijan (SOFAZ). SOFAZ has invested into VTB $500 million, reported Russian
business edition Vedomosti.
The bank's representative said that SOFAZ
has initiated Movsumov's joining the Council, because this was a part of the
privatization deal.
In addition to SOFAZ, the VTB investors
include Norwegian Norges Bank Investment Management and Qatar Holding LLC,
which have invested 15-20 billion rubles. China Construction Bank and Brazilian
BTC Pactual have invested $100 million each. Only SOFAZ has offered its
Director, said VTB representative.
The government has already approved a list
of 10 candidates from the government (total 11 members in the Council) and
number of independent candidates could be reduced from 5 to 4.
Seven candidates are already members of
the Council, including Mattias Varnig, Managing Director of Nord Stream AG, VTB
chairman Sergei Dubinin, VTB President Andrei Kostin, Gennadii Melikian, former
senior deputy chairman of Central Bank of Russia, Aleksei Ulukayev, senior
Deputy chairman of Central Bank, and Nikolai Kropachev, rector of the Saint
Petersburg State University.
After the end of the deal share of the
state in BTV will go down from 74.5% to 60.9%.