http://www.finamrus.com/newtopics/news03A77/default.asp
VTB plans to propose swapping VTB North West stocks for those of VTB at the earlier approved ratios, VTB CEO and board chairman Andrey Kostin said at a press conference Thursday. "We have plans, if the supervisory council backs, to make an offer to VTB North West's minority shareholders to swap their holdings for VTB securities at the ratios that were specified earlier" – he said.
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