Support The Moscow Times!

TPG Said to Seek VTB Stake

TPG Capital is in talks with the government to buy a 10 percent stake in VTB, Kommersant reported Thursday, citing an unidentified government official familiar with the talks.

The state, which controls VTB, plans to sell the stake before the end of the year and First Deputy Prime Minister Igor Shuvalov is in charge of the talks, the newspaper said. TPG is a global private-equity investor with $47 billion under management. 

(Bloomberg)

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.