Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

VTB Becomes Lokomotiv Shareholder
26.11.2013 12:51
VTB Becomes Lokomotiv Shareholder
Photo Credit:

VTB 24 has taken over control over 9.09 percent of the shares of FC Lokomotiv Moscow, says Vedomosti citing a news wire by the Itar-Tass news agency.

      Earlier, the stake belonged to Transkreditbank which became part of VTB 24 on November 1, 2013. This makes the lender the owner of stakes in two rival clubs – FC Lokomotiv and FC Dynamo Moscow, where VTB controls 74 percent.

      The bank’s representatives have played down the conflict of interest saying it doesn’t run counter to the charters of the Russian Football Union or UEFA.

      Lokomotiv is one of the leading clubs in the Russian Premier League, currently ranked second but with the same number of points as Zenit St Petersburg.

      Set up in 1923, Lokomotiv has been nurtured and sponsored by Russian Railways.

      VTB 24 is the retail arm of VTB Bank, Russia’s second largest lender by assets. Classified as blue chips, VTB shares are among the most liquid on the Russian stock market. The Bank’s securities are traded on Russia’s joint MICEX-RTS Exchange and as global depository receipts on the London Stock Exchange under the VTBR ticker. The Russian government owns 60.9 percent of VTB Bank’s equity.

      VTB Group, a global provider of financial services, offer a complete range of financial services including retail, corporate and investment banking; broking and other stock-market services, insurance, asset management for pension and unit funds, leasing, and more. The services are available to clients in more than 20 countries across the CIS, Europe, Asia and Africa.


Author: Mikhail Vesely

Tags: Lokomotiv Zenit St. Petersburg Russian Railways VTB Russian Premier League 

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Mariinsky theatre  space news  St. Petersburg  Russian business  Moscow monuments  United Russia  Romodanovo  Yuri Gagarin  Vladimir Lenin (Ulyanov)  Evgeny Yakovlev  Smoking in Russia  Alexander Mitta  Rosneft  education  Dany Kvyat  Russian Monuments  Russian medicine  Russian sanctions   children adoption  Russian tourism  Georgy Burkov  Vladimir Tsigal  Russian journalism  Vladimir Vysotsky  Republic of Mordovia  Exhibitions in Moscow  Perm  Festivals in Moscow  Yandex  Archaeology  adventure tourism  Russian regions  Fairs   physiology  All Events  contemporary art  Mercedes-Benz Fashion Week Russia  Historical Exhibitions  Far East  Alexander Kerzhakov  Russian Cinema  Dolls Exhibitions  Vologda  Moscow  Kaliningrad Region  Craters  international cooperation  travel to Russia  mode of life  Oleg Anofriyev 

Travel Blogs
Top Traveling Sites