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Article: VTB still planning to sell its EADS stake (Part 2).
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- September 21, 2007
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VTB still planning to sell its EADS stake (Part 2)
SOCHI. Sept 21 (Interfax) - VTB (RTS: VTBR) is still planning to sell its stake in the European Aeronautic Defence and Space Company (EADS) in 2007, even though the relationship of other shareholders has improved towards the bank, Andrei Kostin, head of VTB, told reporters.
"Western countries [Germany and France own controlling stakes in EADS] have started looking more favorably at Russia's participation in EADS," Kostin said on the sidelines of an investment forum in Sochi.
However, VTB has already promised to reduce its stake in EADS by the end of the year and it is planning to do so, Kostin ...