VTB and the Bank of Russia have reached an agreement on the terms of the purchase of FC Otkrytie Bank, the deal may be announced in the near future, sources told Frank Media. FC Otkrytie Bank will be sold for almost capital, which is the maximum multiplier for the Russian market. Previous transactions - sale of Societe Generale's stake in Rosbank and Oleg Tinkov's family's stake in the group of the same name passed in 2022 based on valuation of about 0.2-0.3 capital.
VTB and the Bank of Russia have reached an agreement on the terms of the purchase of FC Otkrytie Bank, the deal may be announced in the near future, sources told Frank Media. FC Otkrytie Bank will be sold for almost capital, which is the maximum multiplier for the Russian market. Previous transactions - sale of Societe Generale's stake in Rosbank and Oleg Tinkov's family's stake in the group of the same name passed in 2022 based on valuation of about 0.2-0.3 capital. 
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