MOSCOW, April 25 (RIA Novosti) - Russia's government-controlled foreign trade bank Vneshtorgbank (VTB) has bought a 7.69% stake in VTB Bank (Deutschland) AG at an auction for Yukos assets, the federal property fund said Wednesday.
Yukos, once Russia's largest oil company, was declared bankrupt August 1, 2006, after three years of litigation with tax authorities over the company's tax arrears.
VTB offered 234.1 million rubles (about $9.1 million) for the bank's 100 ordinary registered non-documentary shares compared with the initial price of 231.82 million rubles ($9.0 million), the federal property fund said.
Interfin Trade finance company was VTB's rival at the auction, the fund said.
