VTB, Rosneft deal over Zvezda shipyard is now dead, VTB CEO says
MOSCOW (Reuters) – Russia’s second-largest lender VTB’s deal to acquire the Zvezda shipbuilding yard from oil company Rosneft is now dead because the VTB-owned United Shipbuilding Corporation (USC) cannot finance the acquisition, VTB CEO Andrei Kostin said on Tuesday.
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