Societe Generale Buys VTB's 10% Stake In Russian Bank

Law360, New York (October 7, 2013, 1:41 PM EDT) -- Societe Generale SA has signed a deal to buy a 10 percent stake in Rosbank from Russian banking consortium VTB Group, the companies announced Monday.

In exchange, Societe Generale will give VTB a bundle of loans, real estate and equities listed on the Moscow Exchange. Neither the exact breakdown of the securities nor their total value was disclosed. The deal will be finalized by the end of the year. 

The sale brings Societe Generale's stake in Rosbank to 92.4 percent, while VTB will be completely divested...
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