Qatar in talks to invest $3.5bn in Russian lender

Sat, Feb 16 - 2013

Qatar's sovereign wealth fund and Russia's second-largest bank VTB are in advanced talks about injecting between $3bn and $3.5bn into the banking giant, Reuters has reported. VTB is likely to issue the Qataris with $1.5bn of new equity and $1.5bn of mandatory convertible bonds under the structure of the deal. The deal may be announced by next week.

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