VTB Capital acquires 6.4% JKX Oil&Gas
24 June 2011
VTB Capital, an investment branch of Russia’s state VTB bank, acquired a 6.4% stake if JKX Oil&Gas (LSE: JKX LN), a total of 10.98 mln shares, according to the London Stock Exchange announcement on Thursday. Antonina Davydenko: we view this news as neutral for the stock as we do not expect VTB capital to further expand its ownership stake in JKX. Currently Privat group controls 27.06% of JKX shares.
