VTB to pass controlling stake in Rustranscom to its own grain holding - sources

Demetra Holdings

30/07/2021 14:15

MOSCOW, July 30 (Reuters) - VTB  VTBR.MM  will pass a
controlling stake in Russia's largest grain railcar owner
Rustranscom (RTC) to Demetra Holding, which consolidates VTB's
grain business, two sources familiar with the matter told
Reuters on Friday.
    The deal will be of a technical nature, they said. Demetra
and VTB have not replied to a Reuters' request for comment.
    VTB will cease to own a controlling stake in Rustranscom
within a year, Russia's second-largest bank told reporters, but
did not disclose how this would happen.  urn:newsml:reuters.com:*:nL8N2P63JT

 (Reporting by Tatiana Voronova and Gleb Stolyarov; writing by
Polina Devitt; Editing by Louise Heavens)
 ((Polina.Devitt@thomsonreuters.com;))