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)

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