Russian bank VTB aims at selling its stake in Societe Generale's business unit Rosbank, according to Kommersant daily citing an executive as stating.
10 percent stake in Rosbank is owned by VTB, which wants to exit following the bribery charged against Rosbank CEO Vladimir Golubkov.
Yuri Soloviev, first deputy president and chairman of VTB Bank's management board, was quoted in the daily saying they are negotiating with the existing shareholder and investors on the sale of the stake.
Meanwhile, VTB CEO Andrei Kostin revealed he has no interest in raising their stake in Rosbank.
SocGen had already announced their plan to fire Golubkov. VTB did not comment on the matter.
Join the Conversation