VTB shares are going to buy Norway, Azerbaijan and Qatar

More than 50% of the shares during the SPO VTB will buy sovereign funds of Norway, Azerbaijan and Qatar - for a total of 102.5 billion rubles. According to the Prime Agency with reference to the source, the financial director of the Bank Herbert Moos shared such details of the upcoming placement during the telephone conference.

Norway Norges Bank Investment Management has already confirmed the purchase of VTB shares. The representative of the fund also said that as of the end of 2012, the fund owned shares in 63 Russian companies, including 0.21% in VTB. Confirmations from other anchor investors - the State Oil Fund of the Republic of Azerbaijan (GNFAR) and the sovereign fund of Qatar Holding LLC - is not yet.

On Friday, April 26, VTB announced a 2.5 trillion of shares (according to the agency, the transaction has actually took place). The placement is carried out at a price of 4.1 kopecks per paper, that is, with about 9%discount to market quotes. The Bank of Russia on Friday has already registered the release of VTB dopacations. VTB expects a retreat more than doubled.

Judging by the current dynamics of VTB shares, the market evaluates the upcoming transaction ambiguously: they sank by 4%to open the bidding of paper, after that they moved to active growth and almost 6%jumped to 12:00, and now the shares are traded near the mark 0.0465 (+2%to Friday closing). According to traders, the first negative reaction to a significant discount to the market for SPO was replaced by the closure of the short positions “on the fact”: there are more certainty, and investors closed short positions.

The privatization program involves the state of the state from VTB capital by 2016. After SPO, the state of the state will fall to 60.93% (now - 75.5%). After the closing of the stock for the sale of shares in the framework of the starting additional ministry, the state does not plan to reduce the share in VTB capital during the year.

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