OREANDA-NEWS. May 30, 2012. VTB Group has completed its offer to shareholders of Bank of Moscow (BoM). As a result, the Group has increased its holding in BoM’s equity by less than 0.03% to 94.87%, through VTB Debt Center and VTB Pension Administrator, BoM’s major shareholders.

The offer was made in March this year. Only shareholders who held their shares at the date VTB made its acquisition of the Moscow city government’s stake in BoM were eligible. The offer therefore applied to 1,030 shareholders of BoM, holding up to 0.05% of the bank’s shares. Less than 80 shareholders accepted the offer and sold the Group 75,700 BoM shares for a total consideration of RUB 84 million.