The Central Bank of Russia registered an additional issuance of…
The Central Bank of Russia registered an additional issuance of ordinary shares by VTB Bank, with a maximum volume of 547.5 billion rubles, intended to finance a strategic partnership with Wildberries Russ. The share placement will be conducted via public subscription and may occur in August.
Consensus
- The Central Bank of Russia registered an additional issuance of ordinary shares of VTB Bank.
- The registration number assigned to the issuance is 10401000B.
- The share placement will be conducted through a public subscription.
- The funds raised from the issuance will be used to finance a strategic partnership with Wildberries Russ.
- The maximum volume of the additional issuance is estimated at 547.5 billion rubles, based on a price of 87 rubles per share.
Points of divergence
- VTB plans to issue up to 6.29 billion shares, which constitutes approximately 49% of the total number of ordinary shares. — kommersant
- On June 30, VTB shareholders approved an additional share issuance worth 314 billion rubles. — vedomosti
- The management previously indicated that the SPO is expected to raise between 300–400 billion rubles and may take place in August. — kommersant
- VTB aims to complete the placement by the end of summer, with no mention of a specific timeframe for completion beyond that. — vedomosti
- The acquisition involves VTB purchasing a 5% stake in RVC Bank with potential for further increase in ownership. — kommersant
- VTB's CEO, Andrei Kostin, stated that the bank may conduct additional share issuances in the future but will be limited by the need to preserve state control. — vedomosti
Coverage (2 sources)
- Central Bank registered additional issuance of VTB at 547.5 billion rubles — Коммерсантъ
- Central Bank registered additional share issuance of VTB — Ведомости