Bank of non-core assets Trust wants to sell its preferred shares of Russneft as early as in 2024, said Alexander Sokolov, Chairman of the Bank's Management Board. Now Trust owns 33% of preferred shares of Russneft, VTB owns another 66%. Oil company is obliged to allocate $70-110 mln annually for dividends on pref shares depending on the oil price. Trust's stake may be bought by Russneft itself for about ₽21 billion.
Bank of non-core assets Trust wants to sell its preferred shares of Russneft as early as in 2024, said Alexander Sokolov, Chairman of the Bank's Management Board. Now Trust owns 33% of preferred shares of Russneft, VTB owns another 66%. Oil company is obliged to allocate $70-110 mln annually for dividends on pref shares depending on the oil price. Trust's stake may be bought by Russneft itself for about ₽21 billion. 
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