The head of the Russian Central Bank says an SPO would make more sense for the VTB bank, according to Banki.ru website.
Sergey Ignatiev told the MPs on Wednesday that the VTB should look for a foreign investor.
The Central Bank does not plan to sell additional shares of Sberbank, Russian leading lender, over the next 2-3 years. It holds a 50 percent stake in Sberbank.
Sources: http://www.banki.ru
Author: Mikhail Vesely