VTB Bank logo 19.11.21
VTB Bank

VTB sold 4.9% of Magnit through ABB for ₽5700 per share. VTB is selling the remaining 12.4% to Marathon Group at the same price. As a result, Marathon Group's stake will increase to 29.2%. However, the increase of shareholding over 25 percent is yet to be coordinated with FAS. In this regard, the company will initially dispose of a quarter of Magnit's securities, and the voting rights on the shareholding of about 4.2% in the repo will be transferred to it after receiving approval of the deal by the regulator.
Source: {source} pictogram vtb.ru