29.
07.20
10:11

Russian VTB Bank is expanding its engagement in grain

The Russian VTB Bank has expanded its stake in the grain dealer of the Mirogruppe and has now also acquired the remaining 30% of its shares, making the 100% takeover perfect.
The state-controlled bank is striving to become Russia's largest grain operator. In 2019 and at the beginning of this year there were already a number of company takeovers in the grain industry. First, the business should expand further and as soon as everything fits together, the bank wants to withdraw from the business and create an independent company.
VTB Bank is Russia's largest credit bank.
The Miro Group works with the Swiss grain trader Solaris, which regularly participates in the tenders for the purchase of grain from the Egyptian GASC.

Source
Hansa Terminhandel GmbH
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