January 28, 2019 / 10:11 AM / 8 months ago

Russia's VTB increases stake in EN+ to 22.3 percent

MOSCOW (Reuters) - Russian lender VTB’s share in En+ Group rose to 22.27 percent from 7.65 percent, the bank said on Monday after the United States lifted sanctions on EN+ and other Russian firms linked to oligarch Oleg Deripaska.

The transaction was carried out on Jan. 26 and VTB will now be able to vote with a 6.25 percent stake in EN+, the lender said.

Reporting by Polina Devitt and Andrey Ostroukh; writing by Tom Balmforth; editing by Andrey Ostroukh

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