VTB Group is selling a 46.29% stake in the Cypriot RCB Bank, other shareholders of RCB Bank Ltd acted as buyers of the stake. This is stated in the message of the press service of VTB.
Earlier today, British Prime Minister Boris Johnson, speaking in the House of Commons of the British Parliament, said that the UK and the US are imposing sanctions against VTB in response to Russia’s military operation in Ukraine.
“As part of the restructuring of foreign assets of the VTB Group, a decision was made to sell a non-controlling stake of 46.29% of shares in the Cypriot RCB Bank. Other shareholders of RCB Bank Ltd acted as the buyer of the block of shares, the transaction was concluded and executed on February 24, 2022,” the bank’s press service said.