Date: 3 months ago   Category: Finance

The VTB Group has sold the American division of VTB Capital — Rambler News Service


Photo: Alexander Demyanchuk / the VTB Group has sold to RIA Novosti the American division of VTB Capital Inc., settling down in New York, to management of this company, the press service of group reports. "on August 31, 2018 the VTB Group has sold VTB Capital Inc., New York, to management of this company. The company has been renamed into Xtellus Capital Partners and became the independent player in the stock market and operations with the fixed profitability" — it is said in the statement. VTB notes that the transaction won't influence the grocery offer and quality of the provided services to clients of VTB Group. Between Xtellus Capital Partners and VTB Group the agreement within which Xtellus Capital Partners the broker dealer for VTB Group in the American market will perform functions that will allow VTB Group to continue granting products to the clients in the stock markets and operations with the fixed profitability in the USA is concluded. "Taking into account the current geopolitical situation such change in the operational platform is the most optimum way of continuation of service of our Russian and international clients" — it is emphasized in the message. The amount of transaction doesn't reveal.

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