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Monday, February 7, 2011

Russia's $3.6 bln VTB bank roadshow hooks Generali, (VTBR), (GASI)

An overseas roadshow by VTB (VTBR.MM) to raise some $3.6 billion got off to a solid start on Monday, lining up Italy's Assicurazioni Generali SpA (GASI.MI) as a key shareholder in Russia's second-largest lender. Investors are closely watching the first step in Russia's $33 billion three-year privatisation drive, deciding whether to invest in the country's biggest state asset sale since the collapse of the Soviet Union. [ID:nLDE71309Q] "VTB has been informed that Generali Group has expressed an interest in acquiring... $300 million of offer shares and/or GDRs," the bank's prospectus, obtained by Reuters, said.

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