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VTB Selling Majority Share in Rustranscom



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Image credit: EPA
Two sources stated that VTB will sell its majority share in Rustranscom, a major grain train owner in Russia, to Demetra Holding, a firm that the Russian bank already owns.
VTB utilized Demetra to combine its grain infrastructure and trading businesses, which it had built up through acquisitions in 2019 and 2020, Reuters reports.

Rustranscom was on a list of firms VTB wanted to sell, according to VTB’s Chief Financial Officer Dmitry Pyanov. He predicted that VTB “would lose control of this firm in the immediate term,” but he didn’t elaborate.
Demetra would acquire the share in …

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