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Vneshtorgbank hopes for November IPO

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MOSCOW, February 2 (RIA Novosti) -- The Russian state-owned foreign trade bank, Vneshtorgbank (VTB Group) hopes to make an initial public offering (IPO) of its shares in November, the bank's chairman said Thursday.

Andrei Kostin said the bank would IPO in November this year or in the first quarter next year.

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