23rd Aug 2007 15:56
JSC VTB Bank23 August 2007 23 August 2007 Comment on Lenenergo' Stake In light of information message released in mass media about a purchase by JSCVTB Bank ("VTB") of the stake in Lenenergo, VTB informs about the following: VTB acted as a participant in this deal on the purchase of the stake inLenenergo from Fortum Power and Heat OY. VTB facilitated the purchase of the stake in Lenenergo by one of the Clients.According to the forward sale contract, the Client has to buy it back from VTBin 3 years time. The purchase is not a strategic investment of VTB. -ends- Enquiries: VTB Tel: +7 (495) 739 77 99Nataly Loginova e-mail: [email protected] Mokeeva NOTES TO EDITORS About VTB VTB is a leading Russian universal banking group offering a wide range ofbanking services and products across Russia, certain CIS countries and selectedcountries in Western Europe, Asia and Africa. VTB is focused on providingbanking products and services to Russian and CIS clients through its domesticand foreign operations and to foreign clients doing business primarily relatedto, or in, Russia and the CIS through its foreign banking subsidiaries andrepresentative offices. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
VTBR.L