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VTB delays capital raise for Wildberries-Russ deal, CEO confirms it will proceed

VTB CEO Andrey Kostin confirmed that the bank's additional share issue tied to its investment in Wildberries-Russ (RVB) has been postponed, but remains planned. The delay suggests timing adjustments rather than a change in strategic commitment, though the new timeline is unspecified. This matters as the deal is a significant corporate transaction in Russia's retail and banking sectors.

Interfax3 days agoRUCredibility 38%View source

Score Breakdown

Mosaic Score2.0
Model confidence0.5
Significance0.1
Source credibility0.4
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